This content was written and submitted by the supplier. It has only been modified to comply with this publication’s space and style.
The purchase price paid in the transaction was approximately $58 million. Appleton intends to use proceeds from the sale to reduce debt and for general corporate purposes.
The operations Appleton sold produce high-quality single and multilayer polyethylene films and are comprised of American Plastics Company, Inc., located in Rhinelander, Wis.; and New England Extrusion Inc., which has facilities in Turners Falls, Mass., and Milton, Wis.
The sale of the Performance Packaging operations is a strategic move to consolidate Appleton’s offerings and to allow the company to focus on its specialty paper and Encapsys® microencapsulation businesses.
The operations Appleton sold produce high-quality single and multilayer polyethylene films and are comprised of American Plastics Company, Inc., located in Rhinelander, Wis.; and New England Extrusion Inc., which has facilities in Turners Falls, Mass., and Milton, Wis.
The sale of the Performance Packaging operations is a strategic move to consolidate Appleton’s offerings and to allow the company to focus on its specialty paper and Encapsys® microencapsulation businesses.
Companies in this article
