Leading European polyethylene film producer British Polythene Industries plc has sold off BPI Packaging Service (Automotive), a small subsidiary whose products include plastic car seat covers.
The business, which employs 22 at a single plant in Leominster, England, was acquired for an undisclosed sum by a competitor, protective products company T.V.I.P (Corby) Ltd. of Corby, England.
T.V.I.P. makes nonoil, anti-rust products, including corrosion-inhibiting polyethylene. The firm also developed elastic car seat covers.
For BPI of Greenock, Scotland, the deal allowed it to dispose of a small, noncore business. The takeover will permit T.V.I.P., formerly Thames Valley Industrial Plastics, to diversify and add capacity.
The purchase ``will enable us to expand the range of protective products we sell to the automotive industry and allow us to consolidate our operations,'' Kevin Hempson, T.V.I.P. director, said Oct. 1 at Interplas in Birmingham.
His company is keen to expand the metal anti-corrosion side of its business. The 30-year-old former BPI company produces PE film liners for brake discs on new cars to prevent rust.
T.V.I.P. is a subsidiary of Marchant Manufacturing Co. Ltd. of Haverhill, England, which operates 16 Kiefel and Hosokawa Alpine extruders.
Marchant, which extrudes film and makes domestic garbage bin liners, garden bags and freezer bags, aims to expand its metal-protection range to focus on plastic liners for heavy engineering products.