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 Packaging, Mergers & Acquisitions, Injection Molding, Film & Sheet

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

Chinese auto suppliers growing in US

July 24, 2014 4:17 pm ET

Two China-based automotive suppliers are expanding in the U.S., according to information released by the Michigan Economic Development Corp.    More

Image

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC,...    More

Image

Sealed Air moving headquarters, 1,200 jobs to Charlotte, N.C.

July 23, 2014 2:06 pm ET

Sealed Air Corp. — which is known for its Bubble Wrap brand — is moving its headquarters from Elmwood Park, N.J., to Charlotte, N.C., and ...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

More Events