Merger planned for US and Dutch flexible packaging companies

By Frank Antosiewicz
Correspondent

Published: December 12, 2013 5:23 pm ET
Updated: December 12, 2013 5:33 pm ET

Related to this story

Topics Mergers & Acquisitions Packaging Film & Sheet Injection Molding
Companies & Associations

Flexible packaging powerhouses Scholle Packaging Inc., of North Lake, Ill., and Innovative Packaging Network of the Netherlands are combining forces.

Both companies plan to retain their identities but noted that the combined entity will provide a more diverse worldwide packaging operation with more than 2,000 employees. Terms were not announced.

“What we want to do is to maintain both brands and establish a similar culture across the two companies,” said Richard Heath, vice president of mergers and acquisitions for Scholle, in a telephone interview.

Tilburg-based IPN is known for its precision injection molding in packaging and makes various flexible components including connectors, spouts and pumps for pouches and bag-box systems. It makes a range of products for infant formula packaging, and owns 35 patents.

Scholle is known for its bag-in-the-box products. The global supplier focuses on aseptic packaging and filling equipment along with innovative fitments. It serves food, beverage, and non-food bag-in-box applications.

Heath said the two businesses are complementary and both can benefit from the combination.

“The two can solve more problems in flexible packaging — a lot of customers ask for different sizes and IPN’s skills can help us grow,” Heath said.

He also noted that IPN can take advantage of Scholle’s worldwide footprint and use it to grow its own business worldwide.

“We’ve known each other since the beginning of IPN,” Heath said.

Ryan Balock, senior manager for marketing communications at Scholle, said IPN has grown through the retail market, while Scholle, for the most part, has grown via the institutional markets.

Scholle Packaging is part of Scholle Corp. of Irvine, Calif.


Comments

Merger planned for US and Dutch flexible packaging companies

By Frank Antosiewicz
Correspondent

Published: December 12, 2013 5:23 pm ET
Updated: December 12, 2013 5:33 pm ET

Post Your Comments


Back to story


More stories

Image

Eriks NV buys two US polymer companies

April 24, 2015 10:38 am ET

Dutch company Eriks NV is expanding its reach in the North American plastics sector with two acquisitions: Dallas-based Seals and Packings Inc. and...    More

Image

Danish packaging firm Faerch buys UK's Anson as part of growth strategy

April 24, 2015 9:37 am ET

Denmark-based packaging company Faerch Plast A/S has acquired Ely, United Kingdom-based Anson Packaging Ltd., a move the company says “should...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is the...    More

Market Reports

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

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

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events