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Polyester film producer Polyplex has bought Scholle Corp's Vacumet Plastics division, a supplier of metallized plastic films. Polyplex anticipates this acquisition will be complete in July.The acquisition expands Polyplex's metallized product range to include all plastic substrates.

June 14, 2012

1 Min Read
Film producer Polyplex acquires Scholle's plastics division

Amit Kalra, VP of Polyplex's North American division, stated, "This acquisition will make Polyplex an all-in supplier serving all the packaging needs of our customers by providing them with an expanded product portfolio and giving them increased value through horizontal and vertical integration."

Polyplex's acquisition of Vacumet Plastics is in-line with the company's global growth strategy that includes construction of a $187 million resin manufacturing plant in Alabama, investment in a thick film PET plant in Thailand, and a bottle-grade resin plant in Turkey.

Vacumet Plastics, located in Georgia, has an annual production capacity of more than 30 million pounds of film and supplies metallized plastic film for consumer products and packaging components.

With the sale of its Vacumet Plastics division, Scholle will focus on growing its core packaging business including: flexibles, bag-in-box packaging, aseptic processing, filling technology, dispensing solutions and other emergent packaging offerings

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