One week after announcing the opening of its sixth U.S. plant, Calmar Inc. has agreed to be purchased by Paris-based Compagnie de Saint-Gobain.
The deal is scheduled to close near the end of July. Calmar will be operated as a wholly owned subsidiary. Terms were not disclosed.
``Saint-Gobain is a global giant,'' Dick Hartl, Calmar chairman, president and chief executive officer, said in a telephone interview. ``They have significant business in the packaging area, specifically in the personal-care and pharmaceutical areas.''
The deal represents a change in potential suitors for Calmar. Just three months ago, London-based Rexam plc had bought a 40 percent stake in Calmar. At that time, analysts suggested that investment represented a prelude to the firm's takeover.
Hartl would not say why Calmar is being sold to Saint-Gobain instead of Rexam.
Saint-Gobain hopes ``to build on Calmar and it provides us with resources and access to global markets,'' Hartl said.
Calmar operates two manufacturing plants in Germany and one each in Spain, China and Indonesia. The company also has sales offices, licensees and distributors all over the world.
The City of Industry, Calif.-based company claims to be the world's largest manufacturer of nonaerosol fluid-dispensing systems for consumer products. The injection molded high density polyethylene and polypropylene products serve the cosmetics, toiletries, pharmaceutical, household and automotive markets. Globally, the company operates more than 300 injection molding machines
Calmar is scheduled to open its sixth U.S. plant, a 100,000-square-foot operation in Winfield, Kan., on June 10.
Founded in the 1940s, Calmar claims to have introduced the first all-plastic pump sprayer. Since then, the molder's sales have grown to more than $230 million annually, and it employs 2,000 worldwide.
``We view this very positively,'' Hartl said. ``It puts a lot of opportunity in front of us.''
Saint-Gobain's North American subsidiaries include Wayne, N.J.-based Norton Performance Plastics Corp. and CertainTeed Corp. of Valley Forge, Pa.
Saint-Gobain manufactures and distributes products made from glass, ceramic, fiber and metal for packaging, building materials and industrial applications.
The Paris company was founded in 1665 and employs 108,000. With operations in more than 40 countries, Saint-Gobain reported sales of about $18 billion last year.