Exopack acquires film portion of DuPont's Liquid Packaging Systems business

On Nov. 1, 2007, Exopack Holding Corp. signed a definitive agreement to acquire the performance films business of DuPont Liquid Packaging Systems, including its Whitby, ON facility. As part of the deal, Exopack plans to retain all employees at the Whitby plant. Exopack will also execute a long-term contract to continue supplying DuPont’s Liqui-Box segment with films and laminates produced at the Whitby plant.

Financial terms of the deal were not disclosed, but it is expected to improve Exopack’s breadth of specialty film product offerings. The deal will also reinforce Exopack’s position as a leading flexible packaging manufacturer, strengthening its 2006 North American specialty film sales of $319 million.

The acquired business was part of DuPont’s Liquid Packaging Systems, which manufactures fill-and-seal pouches, bag-in-box products, and other flexible packaging. It will be integrated with Exopack’s 14 existing North American facilities and current workforce of 2700, augmenting Exopack’s current product mix. Exopack’s microwave packaging, shrink films, bags, and stand-up pouches, as well as consumer and industrial paper products, are primarily sold for applications in the building materials, food, beverage, lawn and garden and pet food industries.—[email protected]