RKW SE, one of Europe's largest film extruders, has expanded its stake in the North American market with the purchase of Danafilms Inc.
Danafilms has plants in Westborough, Mass. its headquarters and Franklin, Ky. The company was founded in 1970 by Sherman Olson, who will remain as president.
Danafilms products include lamination, label, lidding and barrier films. Its principal customers are in the converting segment of the plastics industry, serving the food and beverage, pet-food, landscape/gardening and industrial sectors. The company also supplies custom film for specialized industrial applications.
Frankenthal-based RKW Group is one of Europe's leading manufacturers of polyethylene and polypropylene films, nonwovens and nets. The company has 19 plants in Europe, Egypt and Vietnam, and a sales office in Atlanta. European Plastics News last year named RKW one of Europe's 10 largest film manufacturers.
Danafilms ranked No. 88 in Plastics News' recent survey of North American film extruders, with sales of $49 million. The Franklin plant recently added 55,000 square feet of space, essentially doubling its size, and it is in the process of adding a multilayer WindmÃ¶ller & HÃ¶lscher film line that was running at K 2010.
RKW said Danafilms customers will continue to deal with existing relationships and RKW products and services will be added to Danafilms' portfolio.
Joining the RKW Group is an important step for Danafilms' further growth, stability and sound future, RKW CEO Roland Roth said in a news release.