Transilwrap acquires Interfilm
Tuesday, January 11, 2011
Press release from the issuing company
Franklin Park, Ill. - Transilwrap Company, a manufacturer, coater, and precision converter of plastics in the lamination, print, packaging, and industrial markets, announced today the acquisition of Interfilm Holdings, Inc., one of the largest and most diversified distributors and converters of flexible films in the United States. This acquisition supports Transilwrap's strategic growth strategy to provide customers with a strengthened service platform, new solutions through added converting capabilities, and expanded product lines to reach new markets.
"Interfilm has an extremely impressive reputation in the business and is highly respected in the U.S. and Canadian markets. This strategic combination of products, services and employees will enable us to offer our customers more diverse solutions, backed by expanded production assets and a highly experienced team of sales, operations and customer service employees," said Andy J. Brewer, Transilwrap president & chief executive officer, reinforcing that the acquisition creates the ideal growth platform for the company's long-term goals.
Specifically, the acquisition of Interfilm supports Transilwrap's goal to expand and strengthen its current films business and access new markets, solidifying Transilwrap's position as one of the leading film converters and distributors in North America. The acquisition will also provide the opportunity to attract new customers with broader converting capabilities and reach new markets through expanded product offerings such as the full line of Brushfoil specialty films.
"Transilwrap is a highly respected leader in the industry" said Donnie Thompson, former president of Interfilm. "This acquisition will provide valuable resources allowing Interfilm and Brushfoil to expand their market reach and offer customers increased converting services and more diverse product lines."
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