D&W Fine Pack CEO Mark Staton told PlasticsToday growth potential is "promising" regarding the company's recent purchase of the thermoforming division of Clear Lam Packaging.
With annual sales of approximately $80 million, the Clear Lam thermoforming division is a supplier of food packaging containers made from polyethylene terephthalate and polylactic acid to North American food processors and retailers. The sale includes facilities located in Elk Grove Village, IL; Vernon, CA; and one international facility in Nanjing, China.
"It fits well with our existing technology base and widens our presence in the grocery/packer/processor market," Staton said. "Also the operation in China gives us a valuable base in a fast developing market in its own right. Allied with that, it gives us an opportunity to use it both for manufacturing and sourcing in Asia."