NEWS


Soteria acquires Hamilton Plastics


US-based Soteria Flexibles has acquired Hamilton Plastics, which makes multi-layer barrier flexible packaging.


Both firms are owned by private equity companies: Hamilton’s ownership will now pass from Blaige to Soteria’s owner, TJP. Hamilton, founded in 1986,


operates a range of 3-, 5- and 9-layer blown film extrusion lines. It also has an in-house research and quality lab for detailed layer analysis and physical property testing. Harshad Shah, Hamilton’s founder,


said: “We built a leadership position in high-value films for global custom-


ers. In Soteria, we identified a partner with the sophistication and capital to take Hamilton and its team to the next level.”


Soteria makes customised,


short-run flexpack products including liners, pouches and speciality films through blown film extrusion, printing and converting. It has five US manu- facturing facilities and employs around 400 people. Brad Herbolsheimer, CEO of Soteria Flexibles, said: “We are excited to add Hamilton Plastics to the Soteria platform and collaborate with the highly talented team.” � www.hamiltonplasticsinc.com


Paragon expands in Mexico


Stretch film manufacturer Paragon Films has set up its first manufactur- ing operation in Mexico. This includes buying a new facility


in San Luis Potosí and installing new manufacturing equipment from Windmöller & Hölscher (W&H). Paragon says this is the latest


phase of a strategic expansion in North America. Adding to its current facilities in Oklahoma, North Caro- lina, and Washington, the new plant will service Mexico, Central America,


and South America. “This new facility allows us to


better serve our growing customer base and shows our dedication to investing in the latest W&H technol- ogy to maintain our position as an industry leader,” said Darin Tang, CEO of Paragon Films. The new plant, due to begin


production by the end of this year, is expected to create “numerous job opportunities” in the region. � www.paragonfilms.com


Novolex grows in stature


Novolex has completed its takeover of Pactiv Evergreen to create what it calls “a leader in food, beverage and speciality packaging products”. The transaction is valued at


approximately US$6.7 billion. The combined company will


operate under the Novolex name, with a manufacturing and distribution footprint across the US, Canada, Mexico, and Europe.


www.filmandsheet.com www.brueckner.com


“We will leverage our combined talents and capabilities to better meet our customers’ evolving needs,” said Stan Bikulege, chairman and CEO of Novolex. The combined company’s new


leadership team will include senior staff from both Novolex and Pactiv Evergreen. Michael King, ex-CEO of Pactiv, will act as an advisor. � www.novolex.com


Efficiency, sustainability and circularity


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Efficient lines for a low specific energy consumption


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Decreasing use of raw materials & “zero waste” in film production


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Solutions for bio-based and bio-degradable packaging films


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Mono-material solutions to close the life cycle of BOPP, BOPET and BOPE


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