Hilex Poly Co., LLC announced the purchase of Vanguard Plastics, Inc., creating the largest retail carryout packaging manufacturer in the world. The combined company has 12 manufacturing plants in the United States.
"The combined companies will have annual sales in excess of $650 million," stated Leon Farahnik, chairman of HPC Industries in Los Angeles, CA, the parent company of Hilex. "The scale, by far the largest in the world, will provide a strong economic platform for future growth. The combined company has the broadest suite of products in the industry and our service will continue to set the standard for the industry."
Hilex has initiated several progressive environmental programs, including a significant investment in a recycling facility designed to take used bags and return them to the market as new bags for customer use. In addition, Hilex's "bag to bag" and curbside collection initiatives have created an entirely new approach to plastic bag recycling.
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