Plastic bag manufacturer acquires the North American flexible packaging operations of Clondalkin Group.
, a Hartsville, S.C.-based manufacturer and recycler of plastic bags, has acquired Fortune Plastics, Accutech Plastics and Direct Plastics Ltd., part of the North American flexible packaging division of Clondalkin Group, based in Amsterdam. Hilex Poly says the transaction will allow it to continue to diversify its product line as well as expand its recycling technologies.
Stan Bikulege, Hilex chairman and CEO, says, “We are extremely pleased to welcome the employees of these companies to Hilex. They have developed a great customer base and bring a tremendous new range of product offerings to Hilex that we will continue to expand. In addition, the progressive work undertaken by Hilex in the plastic bag and wrap recycling market can now be expanded to an even wider portfolio of flexible packaging products. We also appreciate the strong support of Wind Point Partners; they understand the importance of this North American manufacturing sector and are highly supportive of this next phase of our growth."
Hilex Poly says it is the largest plastic bag manufacturer in the United States. Additionally, the company operates a plastic bag recycling plant in North Vernon, Ind., which it says is the largest closed-loop recycling facility in the United States.