Polyplex acquires Scholle Corporation's Vacumet Plastics Division

Polyplex, one of the world's largest producers of thin polyester film, signed a definitive agreement with Scholle Corporation  wherein Polyplex will purchase all assets of Scholle's Vacumet Plastics Division, a leading supplier of metallized plastic films. Polyplex anticipates completing this acquisition in July, 2012.

The acquisition of Vacumet Plastics significantly expands Polyplex's metallized product range to include all plastic substrates which, along with Polyplex's existing research and development efforts, will result in a broad range of products that the company can offer to its North American customer base.

Amit Kalra, Vice President of Polyplex's North American Division, said that the acquisition will make Polyplex an all-in supplier serving all the packaging needs of its 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 resin manufacturing plant in Decatur, Alabama, investment in a thick film PET plant in Thailand and a bottle-grade resin plant in Turkey.

Vacumet Plastics, located in Austell, Georgia, has an annual production capacity of over 30 million pounds of film and supplies metallized plastic film for consumer products and packaging components for Fortune 100 companies.  The sale of the Vacumet Plastics Division is consistent with Scholle Corporation's strategy to focus on growing its core Performance Packaging Solutions business including: flexibles, bag-in-box packaging, aseptic processing, filling technology, dispensing solutions and other emergent packaging offerings.
 
Polyplex is headquartered in New Delhi, India  with manufacturing facilities located in India, Thailand, Turkey and the United States.