Clear-Vu has increased its security-packaging market presence through a bankruptcy-related acquisition.
Clear-Vu makes rental, retail and library security packaging. Its parent firm, Autronic Plastics Inc. of Westbury, N.Y., acquired some assets of Duluth, Ga.-based NexPak Corp. in the conclusion of proceedings in U.S. Bankruptcy Court in Wilmington, Del. Clear-Vu operates as a brand for proprietary packaging of compact discs, DVDs, Blu-ray discs and special-purpose digital media.
Private investor Counsel RB Capital LLC of White Plains, N.Y., with Maynards Industries Ltd. of Vancouver, British Columbia, paid about $1.5 million to NexPak creditors and liquidated the assets in late July.
Clear-Vu obtained ownership of NexPak's security product lines, portfolio of more than 100 patents, molds for security and non-security products, assembly fixtures and two Husky injection molding machines. Clear-Vu hired two former NexPak employees, one in sales management and another in operations. Clear-Vu gains established NexPak lines such as the Amaray II Benefit Denial and the SecureCase products. Benefit Denial technology can destroy a disc upon unauthorized access and is a cost-effective method to deter theft.
The presses and most of the tooling are going to an Autronic site in Asheville, N.C., with other tooling being sent to Autronic's main Westbury plant, which operates 14 injection molding machines.
Clear-Vu is pressing ahead with physical packaging while recognizing how the retail-rental model for content distribution is maturing. Clear-Vu supplies security packaging to media-rental firms Blockbuster Inc. of Dallas and Hastings Entertainment Inc. of Amarillo, Texas, and through the NexPak deal, obtains access to Family Video of Glenview, Ill.
Daniel Lax, Clear-Vu vice president of business development, sees the company establishing a dominant position in the niche to supply libraries. Clear-Vu's One-Time-brand package has an internal integral lock.
We work with a dozen library distributors, and we have had good relations with those distributors over the years, Lax said. We continue to see year-over-year growth in security packaging, especially in the library market.
Clear-Vu pursues security technologies such as radio-frequency-identification chips and self-checkout systems through partnerships with Checkpoint Systems Inc. of Thorofare, N.J., and 3M Co. of Maplewood, Minn.
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