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

Obituary: Frank Nissel, Welex Inc. co-founder

August 28, 2014 1:01 pm ET

Friends, family and business acquaintances will remember Nissel as an urbane, outgoing machinery executive, an expert on extrusion, a globalist who...    More

Image

Pregis, Sealed Air settle film-foam patent dispute out of court

August 28, 2014 1:01 pm ET

A couple of packaging companies are settling their patent fight over film-foam underlayment.    More

Image

Canadian mold maker Thibault adding to new operation in Mexico

August 27, 2014 3:19 pm ET

Canadian mold maker I Thibault Inc has purchased an established Mexican company, Tecnimoldes SA de CV, for a seven-figure-dollar-sum and renamed it...    More

Image

Mission Plastics brings new automated work cell on line

August 26, 2014 4:17 pm ET

Custom injection molder Mission Plastics Inc. and a customer have created a $1.5-million automated work cell for a medical diagnostics product.    More

Image

Megadyne buying Belt Corp. of America

August 26, 2014 10:35 am ET

In a move aimed at building its specialty belting manufacturing and fabrication operations, Jason Industrial Inc. — Megadyne SpA's wholly owned ...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

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

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

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

More Events