InterFlex Group of Wilkesboro, N.C., has expanded through acquisition in England and added more space in North Carolina.
InterFlex bought EBR Ltd., a Sunderland, England, converter of plastic films and other substrates with a solid position in bakery and snack-food packaging in the United Kingdom and Ireland. The company said it will continue to operate the Sunderland plant and another run by subsidiary InterFlex Scotland in Dalkeith, Scotland.
The acquisition provides InterFlex with significant scale to compete across many U.K. markets and includes film and paper laminations, cold seal and coated structures, wax paper and polyethylene bags.
The purchase adds bag making, cold-seal technology and lacquering capability to InterFlex's existing business, based in Dalkeith.
``The integration with EBR creates a financially robust multisite packaging supplier offering UK customers the full complement of products and technical support,'' said Stephen Doyle, InterFlex Group chief executive officer, in a news release.
Financial terms of the deal, announced March 6, were not disclosed. But EBR managers have become shareholders in InterFlex. InterFlex's major shareholder, Red Diamond Capital of New York, participated in the purchase.
In North America, InterFlex said it has secured an additional 25,000-square-foot facility in North Carolina. The building will house converting activities such as slitting, lamination, coating, pouch and bag making and additional printing capacity.
The EBR acquisition and North Carolina expansion push InterFlex's sales above $100 million, Doyle said. The company also has a subsidiary in Varginha, Brazil.