Sigma Plastics Group is merging what it calls two “flagship divisions” to create a unit with six locations around the country.
Sigma, which calls itself North America's largest privately held film and sheet manufacturer, said the merger between ISO Poly Films and Flexsol Packaging will take effect Jan. 1.
“We are taking two really good divisions of Sigma Plastics and merging them into one great division,” CEO Alfred Teo said in a statement. “This will create even more synergies and opportunities that will enable us to even better serve our customers in the flexible packaging markets we compete in.”
The new unit, called ISOFlex Packaging, will have 350 million pounds of film and bag capacity, the company said.
And that's before plans to install six new coextrusion lines at four locations during the next year, the company said. Those lines will produce film ranging from three to seven layers.
ISO Poly Films brings locations in Vancouver, Wash., and Gray Court, S.C., while Flexsol Packaging chips in locations in Pompano Beach, Fla., Statesville, N.C., Nashville, Tenn., and Chicago.
“ISOFlex will continue to serve the same markets and customers that the former divisions had in the past,” the company said in a statement. They “include the specialty plastics film and bag markets for shrink, barrier, laminating, printing, coating, converting, and can liners.” Those films and bags are used in the food and beverage, consumer packaging, industrial, agricultural and janitorial and sanitation applications.
Sigma is based in Pompano Beach and has 40 manufacturing sites with an annual throughput of 2 billion pounds of resin. The company makes industrial, agricultural, commercial, hygiene and stretch films as well as produce, T-shirt, garment and film bags. The company also makes industrial trash can liners.