Transilwrap purchases film maker MetPro

By Bill Bregar
Senior Staff Reporter

Published: July 3, 2014 1:18 pm ET
Updated: July 3, 2014 1:21 pm ET

Image By: MetPro Group MetPro Group says it is the only vertically integrated maker of vapor corrosion inhibitor film.

Related to this story

Topics Mergers & Acquisitions, Packaging, Film & Sheet

Specialty films converter Transilwrap Co. Inc. has expanded globally by purchasing MetPro Group, which makes protective packaging products that prevent moisture and corrosion on everything from plastic and paper to steel and aluminum. Transilwrap, based in Franklin Park. Ill., is a major converter that operates eight manufacturing plants and nine distribution centers in North America. MetPro operates facilities around the world, in Ireland, Scotland, Germany, France, India, Africa and North America.

MetPro is a strategic partnership between MetoPro Verpackungs-Service of Stuttgart, Germany, and MetPro Ltd. of Tralee, Ireland, and serves customers in more than 30 countries.

MetPro claims to be the only vertically integrated manufacturer of vapor corrosion inhibitor film and paper packaging. VCI packaging is used to protect metal shipping and storage and surface coat steel for shipment, according to the company’s website. MetPro makes proprietary VCI masterbatch compounds.

Terms of the deal were not disclosed. Chicago-based Blaige & Co. represented MetPro Group. Chairman and CEO Thomas Blaige said MetPro has made five add-on acquisitions in recent years and expanded globally. The company has global certifications to serve automotive and metal products companies, with long-term supply relationships, he said.

Transilwrap officials said MetPro will continue to be run by the current management team, as a new business segment inside Transilwrap. MetPro facilities will continue to operate, with current employees, they said.

MetPro is the third acquisition for Transilwrap in the past five years. Transilwrap bought Quest Films Inc. in 2009 and InterFilm Holdings Inc. in 2011.

New York private equity firm Jordan Co. acquired Transilwrap late last year.


Comments

Transilwrap purchases film maker MetPro

By Bill Bregar
Senior Staff Reporter

Published: July 3, 2014 1:18 pm ET
Updated: July 3, 2014 1:21 pm ET

Post Your Comments


Back to story


More stories

Image

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

Image

Tighter resin prices leading to price hike for PE film

August 29, 2014 11:13 am ET

One of North America's largest film makers is pushing through a polyethylene price increase due, in part, to the tight resin market.    More

Image

American Starlinger-Sahm begins work on new US headquarters

August 29, 2014 10:18 am ET

American Starlinger-Sahm Inc., which sells equipment for woven plastic bag production, PET recycling equipment, sheet extrusion and laminating lines...    More

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    More

California Assembly passes plastic bag ban

August 28, 2014 3:07 pm ET

In its second attempt of the week, the California Assembly approved a bill that would ban single-use plastic bags statewide, the first such ban in the...    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