Film extruder Transilwrap Co. Inc. has bought the specialty films business of Dow Chemical Co. for an undisclosed price.
The deal includes production plants in Hebron, Ohio, and Drusenheim, France. The business makes films based on polyethylene, polypropylene and polystyrene for numerous medical and packaging applications such as beverage closer liners, ostomy bags, window envelope films, labels and protective fabrics.
The Dow unit's brand names include Saranex, Procite and Opticite. Its 2015 North American sales were estimated at $124 million, according to a Plastics News ranking. That estimate also included a plant in Findlay, Ohio, which Dow sold to Valfilm North America Inc. in December 2014.
In a March 31 news release, Transilwrap President and CEO Andy Brewer said that the Dow films business “is well-regarded in the industry for strong technical expertise and globally recognized brands associated with quality, reliability and leadership.”
It's the fifth acquisition in nine years for Franklin Park, Ill.-based Transilwrap. Most recently, the firm in March 2015 bought printable plastic film maker Clear Focus Imaging of Santa Rosa, Calif.
Transilwrap's annual sales are estimated at $260 million, according to a Plastics News ranking. That total ranks 31st among North American film and sheet extruders.