Page 35 - Plastics News June - 2020

Revere Plastics buys Techniplas plants through Wasdell group acquires Planned Packaging
bankruptcy court process
asdell Group has expanded its business with the
Wa c q u i s i t i o n o f m e d i c a l d e v i c e a n d
njection molder Revere Plastics Systems LLC
pharmaceutical sectors packaging supplier Planned
Iheadquartered in Novi, Michigan has bought two
Packaging & Planned Packaging Films (PPF). With more
plants from Techniplas LLC, which is in voluntary
than 40 years of experience, Planned Packaging caters
restructuring. According to court documents, Revere is
to medical device manufacturers and pharmaceutical
paying about $2.13 million for the assets of plants in companies in the UK, Europe and the Americas. The
Auburn, Ala., and Ankeny, Iowa. “We will run those as addition of PPF will transform Wasdell into a fully
Revere facilities, rather than just taking the integrated supplier. The company has a client base
equipment and moving it elsewhere,” Doug within the life science and medical device sector.
Wasdell Group CEO Vincent Dunne said: “The
acquisition of PPF allows the Wasdell Group to
vertically integrate into a key commodity area,
safeguarding supplies but also expanding our
capabilities and product and service offerings.”

Drummond, Revere's vice president of sales and
marketing, said in a telephone interview. “We are very
excited about this deal, and I do like the idea of
keeping these plants open, as well as our own
continued growth.” Planned Packaging's products, which include pre-
“We have many customers that have facilities in the made easy peel pouches, high barrier foil films and
semi rigid materials for processing through
Southeast, as well as in the upper Midwest. Having
plants there is something we've wanted for a long thermoforming lines, comply with ISO 11607 / MDR
requirements. Additionally, it provides custom print
time,” Drummond said. Revere has been designated
services and offers advice on suitable packaging
the lead stalking horse bidder for the assets, and court solution to its customers. The company is also making
approval is expected by June 15. Techniplas itself is an
new 100% recyclable and biodegradable options
injection molder that has grown through acquisition. It available. All of Planned Packaging's products are
includes the former Nyloncraft LLC, with facilities in produced in an ISO 8 cleanroom environment. Wasdell
Misawaka, Ind., and Jonesvillle, Mich.; Dickten Masch Group chairman Martin Tedham said: “Planned
Plastics LLC, with facilities in Wisconsin, Iowa and Packaging is a perfect fit due to its synergies within the
Monterrey, Mexico; and Vallotech SA in Vallorbe, existing Wasdell operations, a shared customer base,
Switzerland. In 2014 it doubled in size with the operating within the same sectors as well as a growing
purchase of the Switzerland-based Plastics Technology demand for the assembly and packaging of medical
Automotive and Industrial division of Weidmann devices seen within Wasdell's outsourced packaging
International Corp. That deal included the 140,000- services.“Customers will benefit from expanded
services and competitive prices and the integrations
square-foot Auburn plant, which opened in 2004. of Planned Packaging into our current operations will
Techniplas led for Chapter 11 protection in U.S.
be a beneficial and advantageous one for all
Bankruptcy Court in Wilmington this year in May.
involved.”

June 2020 35 Plastics News