The Australian subsidiary of Wichita, Kan.-based leisure equipment manufacturer and retailler Coleman Co. Inc. has bought a key part of troubled Melbourne-based plastics goods maker Nylex Ltd.
Coleman Brands Pty. Ltd. has acquired Nylex's Esky division, which makes insulated food and beverage storage boxes and flasks. The value of the deal was not disclosed.
Esky, a name widely used in Australia as a generic label for portable coolers, makes a range of polypropylene containers with polyurethane foam insulation, ranging from 0.6-gallon flasks to 17-gallon ice chests on wheels, as well as picnic bags and freezer blocks.
Nylex makes a range of low density polyethylene hoses, water tanks and piping for household, commercial and agricultural use, polypropylene carpet and floor coverings, and automotive products.
Sydney, Australia-based insolvency partnership McGrathNicol was appointed Nylex's receiver-manager in February after the company went into voluntary receivership following poor trading results.
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