Ontario molder Plasticap bought by investment firm A.C. Simmonds

Business development firm A.C. Simmonds & Sons Inc. of King City, Ont., has acquired Richmond Hill, Ont.-based cap and closure maker Plasticap for an undisclosed sum.

Plasticap molds specialty caps and closures for a variety of markets, including food, dairy, beverages, condiments, industrial, petrochemical, and medical and pharmaceutical.

“Plasticap is a trusted supply chain partner to major brands and distributors across several industries,” said John Simmonds, chairman and CEO of A.C. Simmonds, in a statement. “With efficiencies and advancements in production and the technological ability to offer customers logo branding, security and tamper proof closures, Plasticap has great potential for growth with new and existing customers in the bio-medical, pharmaceutical, food, household and personal care industries.”

Founded in 1963, Plasticap was acquired by Anchor Cap & Closure, a subsidiary of the Anchor-Hocking Corp., in 1968. Plasticap subsequently became a privately owned enterprise. “A. C. Simmonds will enable us to take full advantage of the growth opportunities we see in existing and new markets,” said Peter Gossmann, president of Plasticap. “Plasticap offers a number of advantages to clients including high quality, service, performance and innovation.”

According to A.C. Simmonds, Plasticap is currently expanding its offerings in personal care products to include new lines in flip top closures. “Plasticap has also developed a new quick load tamper evident valve seal closure to increase filling line speeds by up to 50 per cent,” the company statement said “In addition, recent advancements in induction seal CT closures have made it possible to offer attractive logo branding as well as counterfeit security features.”