Transcendia Inc. is acquiring Marshall Plastic Film, a move that broadens the company's geography as well as its product offerings.
Franklin Park, Ill.-based Transcendia revealed April 3 that it had completed a deal that includes Marshall Plastic's Martin, Mich., location.
Marshall Plastic has more than 40 years of manufacturing experience, specializing in blown polyethylene films and custom bag manufacturing. The company makes anti-corrosion films and is involved in health care, food and industrial markets.
Transcendia, which changed its name from Transilwrap Co. Inc. last year, has a long history as well. The company dates to 1931 and was one of the first converters and distributors of plastic films.
These days the company has been growing through a series of recent purchases. Marshall Plastic Film is the fifth acquisition in four years.
“The strategic acquisition of Marshall Plastic will further expand the geographic reach for our industry leading MetPro anti-corrosion technology and provide Transcendia the capabilities needed to further support our global customers,” Transcendia CEO Andy Brewer said in a statement. “Additionally, Marshall's engineered pharmaceutical films will further enhance Transcendia's rapidly expanding health care offering.”
Transcendia has 17 manufacturing and five distribution centers in North America, Europe and Africa.
Marshall Plastic Film ranked 126th in the 2016 Plastics News survey of North American film & sheet manufacturers, with sales of $24 million. Transcendia ranked 25th, with estimated sales of $335 million.