This week Plastics News publishes its annual ranking of North American Film and Sheet Manufacturers. Let's take a peek at the numbers behind the chart.
There are 177 firms ranked this year with sales of $34.4 billion. The average 2015 sales per company is $194.5 million, a 0.2 percent increase. That is good news considering prices for the major resins declined an average of 12 percent.
Film sales were $27.7 billion up 3.7 percent. The average sales per film company is $230.2 million, up 4 percent, more from consolidation than from volume growth.
In sheet sales its 9 percent average growth for those firms reporting increases.
There is a newcomer to the Top 10 this year, packaging firm Novolex pops in at No. 7 with its acquisitions of Heritage Bag Co. and Wisconsin Film & Bag Inc. In all 13 acquisitions were footnoted in this year's ranking.
Industry consolidation has always been hot in the film and sheet business, the current big news are the pending deals of Berry Plastics Group Inc. acquiring AEP Industries Inc. and the merger of DuPont Co. and Dow Chemical Co.
Inteplast Group has a history of being active in acquisitions, although its subsidiaries are ranked independently. If they were combined, they would occupy the top spot with North American film and sheet sales of $3.053 billion.