Alpha Packaging acquires Progressive Plastics in blowmolding buyout


Blowmolded packaging manufacturer Alpha Packaging has acquired Progressive Plastics, exploiting newly gained private equity backing from Irving Place Capital, which purchased Alpha in September. Alpha Packaging's acquisition of Progressive Plastics also builds on its own recent addition of two-stage polyethylene terepthalate (PET) injection stretch blowmolding.

Alpha Packaging blowmolds high-density polyethylene (HDPE) and PET bottles and jars for the personal care, pharmaceutical, nutritional supplement, and niche food and beverage markets. Alpha says the purchase of Progressive Plastics will add 160 stock items to its portfolio....
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