Plastics Place Inc. has boosted its flexible packaging business in the province of Alberta with a recent acquisition.
The Calgary, Alberta, company bought Leeson Polyfilm Manufacturing Ltd. of Edmonton, Alberta, on May 30 for undisclosed terms. To cut costs, Plastics Place shuttered Leeson's plant and moved its equipment to Plastics Place's main manufacturing facility in Bassano, near Calgary.
The firms' products and customers overlap but the purchase expands Plastics Place's presence in northern Alberta.
``The combination now creates a stronger platform for reaching the entire province and beyond with a broad range of industrial packaging products,'' Plastics Place President Bevan May said in a news release.
Plastics Place now has 11 blown film extrusion lines as well as bag-making machines in Bassano. It also runs a four-press injection molding business there, May said by phone. The firm also sells recycled resins such as polyethylene, polypropylene and vinyl.
Plastics Place will retain an office and warehouse in Edmonton, where it also runs a plastics recycling operation, May said. The firm offers standard bags for retail, food-packaging, industrial and other applications and makes a range of custom bags.
The four former partners in Leeson sold it mainly because one had medical issues, said a partner who wished to remain anonymous.