Two U.S. film producers with the same parent firm and similar packaging products have merged their management teams in an attempt to work better as one company.
H&N Packaging Inc. of Colmar, Pa., and Multifilm Packaging Corp. of Elgin, Ill., are sharing the same chief executive officer and financial team, said Marcus Magnusson, marketing manager for the companies. The firms plan to present products to customers jointly, he added. The partnership was announced May 5.
The companies are owned by Vienna-based Constantia Packaging AG, a holding company with 40 plants worldwide and 2004 sales of 945 million euros ($1.28 billion). H&N and Multifilm will be led by CEO Olle Mannertop, based at Multifilm's Elgin facility.
H&N extrudes laminated and heat-shrinkable polypropylene and polyethylene film and also makes thin-gauge, printed foil. Multipack specializes in cast PP film. Both companies make piece wrapping for candy.
The facilities together have printing, converting and metalizing operations that can be used by both companies, Magnusson said.
``The sites have been allowed to develop independently for several years and the outcome has been two plants with a very similar focus, yet different capabilities,'' Mannertop said in a news release.
The companies will retain their separate names and plants, he said.