Haremar, El-En Packaging bought by Inteplast
Vaughan, Ont.-based PE blown film co-extruder Haremar Plastic Manufacturing Ltd. has been purchased by Inteplast Bags and Films Corporation, a division of Livingston, N.J.-based Inteplast Group.
Inteplast has also acquired El-En Packaging Co., a Vaughan-based sister company to Haremar that manufactures garbage bags.
The terms of the deal have not been disclosed.
Haremar makes film for specialty food packaging, shrink wrap, mail and security applications, industrial packaging and liquid packaging.
In a statement, Haremar said that it will now be known as “Inteplast Bags and Films Corporation – Haremar Plastic Manufacturing Division”.
“Haremar will still operate out of our location in Vaughan, and will retain the same customer service and administrative operations,” the statement said. “Inteplast will support Haremar with finances and manufacturing capabilities to enhance and expand the breadth of quality films we offer…[and we] will be able to reach more customers in new locations.”
Founded in 1991, Inteplast Group is said to be one of the largest manufacturers of integrated plastics in North America. The company has 0ver 6,500 employees, 50 manufacturing plants, seven offices and 14 warehouses throughout North America.