Pregis acquires engineered foam manufacturer Rex Performance Products

Pregis LLC has acquired Rex Performance Products (RPP), Marysville, Michigan, for an undisclosed amount. The acquisition will enable Pregis to build on its leadership position as one of the largest foam producers in North America.

Founded in 2011, RPP is known for its high-quality laminated foam technology, as well as its customer-centric approach to doing business. The acquisition adds another 100,000 sq. ft. of manufacturing space, as well as 150,000 sq. ft. of warehouse space to the Pregis network. RPP currently has 85 employees.

RPP has been led by Don Tate, president and chief executive officer, who will be joining Pregis and leading the combined engineered foam business going forward.

“The acquisition strengthens Pregis’ position as a leading North American producer of engineered foam. We will now have five engineered foam manufacturing locations and a vast warehousing network across the continent to serve fabricators. The combined organization will offer customers an expanded portfolio of protective packaging solutions,” said Kevin Baudhuin, president and chief executive officer.

RPP is the fifth acquisition Pregis has completed in the past four years under Olympus Partners ownership. The other four are Sharp Packaging, 3M Company’s PolyMask protective films business, Easypack paper-based protective packaging systems and Eagle Film Extruders.

“We view the Rex Performance Products organization and their employees as a perfect fit within Pregis. We believe our combined product offering, enhanced foam technology and our teams’ knowledge strengthen our position as a valued partner to our customers,” Baudhuin said.

RPP’s engineered foam products have been used for protective packaging (cushioning, surface protection, blocking/bracing, void fill) solutions for a wide variety of products and markets. The RPP product line includes polyethylene foam and laminated planks which provide wide performance attributes including military, thermal performance, flame-retardant, multi-density and anti-static.
https://www.prnewswire.com/news-releases/pregis-acquires-engineered-foam-manufacturer-rex-performance-products-300604470.html

Related Posts

Huhtamäki Oyj’s Interim Report January 1–September 30, 2023: Good operational profitability in a challenging market

Q3 2023 in brief *Net sales decreased 12% to EUR 1,037 million (EUR 1,178 million) *Comparable net sales growth at Group level was -4% and -7% in emerging markets. Q1-Q3 2023 in brief *Net sales decreased 7% to EUR 3,136 million (EUR 3,375 million) *Comparable net sales growth at Group level was -1% and -3% in emerging markets *Capital expenditure was EUR 204 million (EUR 185 million) *Free cash flow was EUR 193 million (EUR -60 million)

Transcendia Increasing Barrier Film Capabilities

Transcendia is excited to announce it is breaking ground on a 52,000 square foot manufacturing expansion at its Hebron, OH location as part of its ongoing commitment to investing in barrier film technologies. The new building will be equipped with additional multilayer blown and cast film lines, specialty converting equipment and a new testing lab dedicated to supporting new barrier applications in the food, pharmaceutical and industrial film markets. Upon completion, the Hebron, OH facility, with its ISO 9001:2015 certified quality systems, SQF certification and class 7 clean room capabilities, will have a total footprint of 84,000 square feet. The new building will complement existing barrier extrusion capabilities, including Transcendia’s most recent seven-layer blown film asset capable of producing films up to 78” wide with thicknesses between 1.0 – 10.0 mil. In addition to multiple asset investments, Transcendia will be adding to its application and process engineering team to provide additional technology resources for customers’ new application development. To support the expansion and 24/7 operation, Transcendia will hire approximately 36 new associates including machine operators, material handlers, maintenance technicians and supervisors.

Aptar Announces the Completion of the Acquisition of a Majority Stake in Voluntis

AptarGroup, Inc. announced that following the signature of a share purchase agreement on July 22, 2021 and the approval of the French Ministry of Economy under the foreign investment clearance regulations, it has completed the acquisition of a majority stake in Voluntis from the company’s reference shareholders and certain members of the management. The stake acquisition represents approximately 64.6% of the share capital of Voluntis, at a price of €8.70 per share. In accordance with applicable regulation, Aptar will launch a mandatory cash tender offer to acquire Voluntis’ remaining shares for the same price of €8.70 per share. Aptar intends to file the Tender Offer with the French Markets Authority in September 2021 and the Tender Offer will be subject to the regulatory clearance from the AMF.
Back To Top
×Close search
Search