Bag maker Mercury Plastics Inc. has acquired the assets of Excelsior Packaging Group's plant in Vancouver, Wash. Terms of the deal were not disclosed.
Yonkers, N.Y.-based Excelsior operated two 10-color printing presses, three slitters and flexible packaging converting machinery in the Vancouver plant, Mercury President Benjamin Deutsch said in an Oct. 5 telephone interview.
Between 30 and 40 Vancouver employees will make the transition to Mercury ownership, he said.
The focus of the plant's production is packaging for the produce industry as well as other agricultural and home-improvement segments, he said.
The facility will serve Mercury's customers in the West and Northwest, and add capacity to supply new customers, Deutsch said. Mercury is based in City of Industry, Calif.
The plant's annual sales are roughly $20 million. Mercury's annual sales are above $40 million, Deutsch said. The company employs 250.
Mercury is an extruder, printer and converter of flexible packaging and is a member of Sigma Plastics Group of Lyndhurst, N.J.
Through Sigma's Alpha Industries Inc. subsidiary, Sigma Chairman Alfred Teo Sr., and the Deutsch family in 2005 formed a holding company, New Mercury Plastics LLC, to split ownership of Mercury and rescue it from Chapter 11 bankruptcy.
In 2008, Mercury won a $16.5 million judgment against former employees who started a competing firm, Infinity Packaging Inc. of Salinas, Calif. The decision to award damages was reversed June 9, 2009 by the California Court of Appeals for the Second District of California in Los Angeles.
Deutsch said in addition to its City of Industry headquarters, Mercury has a subsidiary in Salamanca, Mexico. Another, unprofitable operation in Santiago, Chile, was sold in 2009.