Polyethics Industries buys U.S. industrial bag maker
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Plastic garbage bag manufacturer Polyethics Industries, of Orillia, Ont., has purchased the assets of Wisconsin-based Mid America Bag.
The new larger company will continue operations under the name Polyethics Industries, and will operate from Polyethics’ three facilities in Orillia and Newmarket, Ont.
The terms of the purchase have not been disclosed.
According to Polyethics, the acquisition will result in an expected 70 per cent increase in sales and an additional 25 jobs at Polyethics’ Orillia facility. Most of the jobs will be on the manufacturing line, and some will be management positions.
Prior to the purchase, Pleasant Prairie, Wis.-based Mid America Bag had product on the shelves of the largest retailers in Canada, including Rona, Home Hardware, Home Depot and Wal-Mart. The purchase marks a product expansion for Polyethics, which has been supplying its oxo-biodegradable bags, made of recycled plastics, to janitorial and other businesses.
“Industry consolidation is important in order to remain competitive,” said Derek Rynard, president of Polyethics. “Our top priority is to ensure a smooth transition for all customers.”
Founded in 1991, Polyethics specializes in manufacturing polyethylene film and bags that can be made out of 100 per cent recycled material.