Sheet extruder Crawford Industries LLC has acquired VTS Imperial Plastic Sheet Corp. in a transaction finalized Sept. 1.
Terms were not disclosed.
The deal gives Crawford a presence in the Southeast - one additional facility in Thomasville, Ga., and roughly 50 employees - said Earl Guinter, Crawford's marketing director, in a Sept. 6 telephone interview. VTS had been owned by British Vita plc of Manchester, England, since 2000.
VTS primarily has functioned as an extruder with limited converting, Guinter said. The acquisition will give Crawford capabilities in thinner gauges and a variety of different textures. According to its Web site, VTS manufactures thin-gauge polypropylene and polyethylene sheet for applications in manufacturing, converting, packaging and graphic arts. Its products are marketed throughout Europe and North and South America, and the firm provides embossing, coextrusion and special formulations.
Crawford Industries extrudes PE and PP sheet for information and consumer packaging, advertising and promotional products and other graphic-quality applications, officials said. It operates one facility in Crawfordsville, Ind., with roughly 190 employees.
``We will be able to add more finishes and thinner gauges in both materials, said Kendall Faulstich, Crawford's managing director, in a news release.
Crawford is privately held by Horizon Five Star Co., which acquired it in 1999. It began operations in the 1950s under founder Ken Crawford.