Page 51 - Plastics News December 2020
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PPC Flexible Packaging buys flexible packaging Ineos buys sasol's 50 % membership in Gemini
converter Custom Poly Bag HDPE
neos Olefins and Polymers USA has agreed principle
n its sixth acquisition in the past three years, PPC
Iterms with Sasol Chemicals North America LLC, a
IFlexible Packing LLC has acquired Custom Poly Bag global integrated
Inc., headquartered in Alliance, Ohio, for an chemicals and energy
undisclosed price. Custom Poly Bag is a flexible company spanning 30
countries, to acquire
packaging converter that serves bakery, medical, and
its 50% membership
specialty consumer markets. Founded in 1969 by Lloyd
interest in Gemini
Carlile and Donald Prather, the company's capabilities HDPE LLC (“Gemini”)
i n c l u d e fi l m f o r $ 4 0 4 m a n d ,
e x t r u s i o n , thereby, to become
the 100% owner of the
printing, and bag
asset. Gemini is a toll
o p e r a t i o n s .
m a n u f a c t u r e r o f
Buffalo Grove, bimodal high-density polyethylene products. The
Ill.-based PPC proposed acquisition would allow INEOS O&P USA to
further expand its reach in the specialty polyethylene
does flexographic
markets of pressure pipe and high molecular weight
p r i n t i n g a n d
films. Gemini is a toll-manufacturer of bimodal high-
converting of density polyethylene products serving rapidly growing
flexible films, pipe and film markets. Gemini is operated by INEOS
bags and pouches and located within the INEOS Battleground
Manufacturing Complex in La Porte, TX. The proposed
for healthcare and medical applications, snack and
acquisition is contingent on financing, is targeted to
organic brands, specialty produce, pet, nutraceutical,
close by year-end, and would consolidate 100% of
bakery, and horticulture. Founded in 1968, the firm Gemini ownership and all marketing under INEOS.
operates eight manufacturing facilities in the Michael Nagle, CEO of INEOS O&P USA said, “We are
excited about the opportunity to acquire Sasol's half of
Americas. “PPC's combination with Custom Poly
Gemini. This world-class asset is positioned to serve
enhances our position of servicing mid-size SKUs and
the growing global bimodal markets and would allow
speed to market across key flexible packaging growth
our business to meet increased demand from our
segments,” said Kevin Keneally, CEO of PPC, in a Dec. 1 customers.” Ineos O&P USA is part of INEOS Group, one
statement. “Our families have spent the past 51 years of the world's leading petrochemical companies. This
proposed acquisition would increase INEOS Group's
building this business to become a recognized
global HDPE market share and strengthen its ability to
employer in northeast Ohio and a high quality, service-
service the rapidly growing bimodal markets. INEOS's
oriented supplier to our customers around the global polymer businesses are leaders in technology
country,” Donald Prather, Custom Poly principal and with production sites around the world, producing
co-founder, said in the release. “We are excited to be polymers with a wide range of downstream end-uses
such as food packaging, automotive, pharmaceutical
partnering with PPC to assist us in growing this business
packaging, thermoforming, pressure pipe, blow
to the next level.”
molding, caps and closures, and film.
DECEMBER 2020 51 Plastics News
