Canadian film extruder Balcan Plastics Ltd. has purchased Montreal-based Nelmar Group, which includes Nelmar Security Packaging Systems Inc., Plastixx Extrusion Technologies Inc. and Plastixx FFS Technologies Inc.
Nelmar Group produces extruded film, form-fill-seal films and plastic valve bags, and tamper-evident security packaging.
The deal with St. Léonard, Quebec-based Balcan will further the long-term growth objectives of the Nelmar, a Feb. 16 news release said, and "will enhance Balcan's existing portfolio of products."
Balcan and Nelmar did not immediately respond to separate requests for comment by Plastics News.
Chicago-based financial services firm Mesirow advised Nelmar on the deal. Terms were not disclosed.
Balcan ranked No. 74 in the most recent Plastics News survey of North American film & sheet manufacturers, with estimated sales of US$70 million.