NEWS
Plaskolite expands further in sheet extrusion amid takeover
US-based Plaskolite has further expanded its sheet extrusion business with its fourth acquisition of the year – while also changing hands itself. This month, the company bought the extruded sheet and profile business of ALP Lighting Components, a long-time supplier and partner. Plaskolite has acquired ALP’s extruded smooth and patterned lighting sheet – which includes PET, acrylic and polycarbonate products –
EcoCortec adds new
plant EcoCortec, which manufactures anti-corro- sion packaging materials, has opened a new plant in Beli Manastir in eastern Croatia.
As well as having new
offices, the new 2,000 sq m facility has an ‘E5’ extrusion line. With this, the plant’s production capacity will be in- creased, says the com- pany. Features of the new E5
extrusion line include the ability to make 6.2m wide film, bags on a roll and perforated sheets.
Building the new plant has been partly financed by the Croatian Ministry of Economy. �
www.cortecvci.com
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and extruded profile lens product lines, as well as related manufacturing equipment. “This acquisition
strengthens our offering and our partnerships and allows us to better meet the demands of LED lighting for our lighting customers,” said Mitchell Grindley, president and CEO of Plaskolite. This is Plaskolite’s fourth acquisition of 2018: it earlier acquired Rotuba’s lighting profile lighting business, the continuous cast acrylic sheet
business of Lucite Interna- tional, and Covestro’s US polycarbonate sheet manufacturing business. With the latest acquisi-
tion, it will now employ 1,250 people across nine plants in North America. n Plaskolite itself is now under new ownership – after PPC Partners bought out the share of the company owned by Charlesbank Capital Partners. The company is now owned by Charlesbank and other co-investors, the
founding Dunn family, and Plaskolite’s management team – which will continue to run the business. Michael Nelson, an investment partner at PPC Partners, said: “Plaskolite’s customised product approach provides a distinct competitive advantage. It has tremendous opportuni- ties for growth, both through organic initiatives and accretive acquisitions.” Charlesbank had owned
Plaskolite since 2015. �
www.plaskolite.com
Recovering plastics from the sea
The Spain-based Repesca- Plas project has collected more than 3,000kg of marine litter from three Spanish ports – around 10 times more than initially projected. This equated to around 8,000 separate items – far in excess of the 1,500 items
FILM & SHEET EXTRUSION | December 2018
envisaged in the original project proposal. In one port (Gandía), the most common items found were food packages and bags. However, in Marín and Vigo, industrial packages and plastic sheets and bottles were more prevalent. As well as plastics, the
project also recovered metal objects (such as beverage cans), as well as clothes, fabrics and various types of fishing equipment. The project was coordi-
nated by the Spanish plastics research organisa- tion Aimplas. �
www.aimplas.es
www.filmandsheet.com
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