Pregis Corp. has moved its IntelliPack foam-in-place operations to a new, larger facility in Tulsa, Okla.
According to a July 13 news release, the move is being made to accommodate increased demand for the Deerfield, Ill., company's foam-in-place equipment.
Pregis in February acquired IntelliPack Inc., a polyethylene foam-in-place manufacturer in Tulsa, for an undisclosed amount. According to the companies, their combined 2009 sales were about $820 million.
We acquired IntelliPack earlier this year because we believe in the brand's cutting-edge technology, service platform and knowledgeable staff. In a very short period of time, we have been able to integrate the product line into the Pregis portfolio, which has increased exposure for IntelliPack's superior foam-in-place capability, Kevin Baudhuin, president of Pregis Protective Packaging North America, said in the release.
According to Pregis, the move will enable all IntelliPack operations to be housed under one roof. Previously, the functions had been split between two Tulsa sites.
Pregis supplies protective, flexible, and food-service packaging and hospital supply products for food, health-care, agriculture, automotive, furniture, electronics, construction, fulfillment, catalog and military/aerospace markets. It operates 47 facilities in 18 countries.
For the first quarter of 2010, Pregis reported losses of $12.2 million on $210 million in sales, compared to losses of $10.4 million on sales of $185.5 million for the year-ago period.
The company ranked 30th in Plastics News' most recent survey of North American film and sheet makers, with $801 million in annual sales.
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