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

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

SRG opens second China auto parts factory

October 24, 2014 11:25 am ET

U.S. automotive supplier SRG Global Inc. said Oct. 23 it is opening its second plant in China, an injection molding, plating and painting facility in ...    More

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

FTC warns bag makers to take care before making biodegradeability claims

October 23, 2014 12:30 pm ET

Makers of oxodegradable or oxo-biodegradable plastic bags should consider themselves on notice, according to the U.S. Federal Trade Commission.    More

Image

Bemis reports record quarterly profit

October 23, 2014 1:06 pm ET

Bemis Company Inc. saw record per-share earnings from continuing operations during the third quarter, but charges associated with the divestiture of...    More

Image

Packaging specialist Amcor hits sustainability goals ahead of schedule

October 23, 2014 11:15 am ET

Global packaging company Amcor Ltd. has achieved its waste reduction goals two years ahead of schedule, according to the company's new sustainability ...    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar 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

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

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

More Events