Inteplast buying Trinity Packaging's bag and food-service business

By Frank Esposito
Senior Staff Reporter

Published: August 7, 2013 3:15 pm ET
Updated: August 7, 2013 5:08 pm ET

Related to this story

Topics Food service, Trash bags, Extrusion, Film & Sheet

Film and sheet giant Inteplast Group has acquired the plastic bag and food-service business of Trinity Packaging Corp.

The deal includes Trinity plants in Lewistown, Pa., and Pueblo, Colo.

Armonk, N.Y.-based Trinity will retain its heavy duty and specialty films division, which includes plants in Buffalo, N.Y., and Rocky Mount, Va. No purchase price was disclosed in an Aug. 7 news release from Livingston, N.J.-based Inteplast.

This is the third deal in 13 months for Inteplast, which bought can-liner maker Pitt Plastics Inc. in September, one month after acquiring consumer and commercial bag maker Minigrip. Inteplast will operate the Trinity units as part of its Integrated Bagging Systems (IBS) division.

Trinity “represents the quintessence of American manufacturing and family business, as embodied by four generations of the Freund family,” Inteplast founder and President John Young said in the release. “We appreciate what this heritage brings to our own group of companies.”

The acquisition “is a further investment in people and technology, and demonstrates our commitment to this industry,” Inteplast IBS division president Joe Chen added in the release.

The Lewistown and Pueblo plants together employ about 600. Inteplast officials said those plants will continue full operations.

After the deal, Inteplast’s IBC unit will become one of the leading manufacturers of plastic bags and foodservice items currently serving the private label and retail and grocery markets, officials said. The Trinity businesses complement Minigrip’s reclosable bags, as well as other bags and food-service items made by the IBS division, they added.

Inteplast had competed with both Minigrip and the Trinity businesses before the acquisitions, a spokesperson said.

Trinity was founded in 1917 as a paper bag maker and entered the plastics market in 1979. Firm president Peter Freund said that Trinity “will continue to grow its business units in and around industrially-packed products in both large and small formats.”

“As for the consumer and carryout divisions [being sold to Inteplast], we cannot think of a better situation for our customers and employees than to be managed by [John Young] and the Inteplast Group.”

Inteplast ranks as North America’s fourth-largest film and sheet maker, with annual sales estimated at $1.5 billion, according to a recent Plastics News industry ranking. The firm employs 3,300 at 28 plants, generating an estimated 65 percent of its sales from film and the remaining 35 percent from sheet.


Comments

Inteplast buying Trinity Packaging's bag and food-service business

By Frank Esposito
Senior Staff Reporter

Published: August 7, 2013 3:15 pm ET
Updated: August 7, 2013 5:08 pm ET

Post Your Comments


Back to story


More stories

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Irish packaging group Smurfit Kappa opens film plant in Spain

November 26, 2014 6:00 am ET

Global packaging group Smurfit Kappa Group plc has responded to growing demand for its bag-in-box liquid container/dispensers by opening a new plant...    More

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew...    More

Image

EU sets consumption goal of 40 plastic bags per person by 2025

November 24, 2014 9:27 am ET

Representatives of European Union member states hammered out a deal Nov. 21 to reduce consumption of lightweight plastic bags to 40 bags per person...    More

Image

PET film maker Evertis expanding production in Mexico, Brazil, Portugal

November 20, 2014 2:52 pm ET

Evertis, a PET film maker, is expanding production at plants in Mexico, Brazil and Portugal, the company said.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events