Smurfit buys Brampton film plant
Canadian Plastics
Smurfit-Stone Container Inc. will use the capabilities of its newly-acquired co-extruded film plant in Brampton to complement the company's other packaging operations. The plant was purchased from AT ...
Smurfit-Stone Container Inc. will use the capabilities of its newly-acquired co-extruded film plant in Brampton to complement the company’s other packaging operations. The plant was purchased from AT Plastics last December for $38.5 million.
It currently manufactures products such as polyethylene heavy-duty shipping sacks for the chemical, horticultural and building products industries, as well as high performance coextruded film liners for cereal manufacturers.
The 163,000 square feet facility produces about 32 million pounds of flexible products annually. The packaging plant, which is currently going through an integration process, will also keep its 217 Canadian employees.
For AT Plastics, the move to sell the plant was part of the final phase of a restructuring program designed to increase growth by focusing its core operations of specialty polymer manufacturing. The restructuring also included the sale of its wire and cable business, an equity offering and refinancing the company’s debt.
