Clear Lam Packaging, a manufacturer of flexible and rigid packaging materials for thousands of food, personal health care and other consumer products, has signed an agreement with D&W Fine Pack, a foodservice packaging company based in Fountain Inn, South Carolina, to sell its Thermoforming Division.
The divesture includes facilities in Vernon, California; Elk Grove Village, Illinois and Nanjing, China. Clear Lam’s Thermoforming Division supplies food packaging containers that are made from polylactic acid (PLA) and polyethylene terephthalate (PET) to major retailers and food processors in North America.
D&W Fine Pack’s President and CEO, Mark Staton, commented that integration of Clear Lam’s Thermoforming division with D&W's existing business portfolio will expand their product offerings and also reinforce their focus on environmental stewardship and sustainability.
James Sanfilippo, Clear Lam Packaging’s President and CEO, noted that they anticipate that their clients will benefit from the addition of D&W’s thermoforming product offerings and several manufacturing locations. He added that the company will continue to make investment in new technologies to provide innovative, low-cost solutions to its clients.
Clear Lam will continue to operate its other three businesses and intends to extend its Forming Films and Flexible Films divisions. The company expects high growth in its CL Polymers division, which produces proprietary compounds to enhance performance attributes of traditional petroleum-based plastics and traditional petroleum-based plastics.
Source: http://www.clearlam.com/