RTP Acquires Customized Plastic Film Manufacturer

RTP Company announced it has acquired Wiman Corporation of Sauk Rapids, MN, a leading manufacturer of customized plastic film for the medical, industrial and consumer markets. This acquisition will enhance RTP Company's leadership position in the plastics industry by combining its existing Sheet Division with Wiman's complete line of flexible plastic film products and extrusion capabilities.

"Wiman strengthens our business position in the sheet and film industry by letting us manufacture down to 4 mil film, and quite importantly we will now be adding PVC to our product mix," said Hugh Miller, President and CEO of RTP Company. "We feel these new capabilities, plus the synergies created by combining our technical resources, will be of great benefit to our customers."

Wiman Corporation President Peter Ploumidis said, "With this acquisition, we gain RTP Company's marketing and selling infrastructure and international capabilities, in addition to its unique material technologies."

Leading the way in the development of specialty films using PVC, Polyolefins and Polyurethane, Wiman serves a niche market for companies requiring specialty runs and products such as helmet liners - often in quantities far lower than the industry standards. The Wiman products are unique in their construction and abilities to formulate the plastic to the customers' needs.

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