Valgroup Packaging Solutions takes ownership of the operations at the recently acquired plant in Findlay, Ohio, USA as of February 1, 2015 through its wholly-owned subsidiary Valfilm North America. The acquisition of the unit was announced to the market on 5 December 2014 by the former Findlay plant owner, multinational Dow Chemical. The agreement includes the acquisition of the plant’s physical assets, technology and intellectual property.
The support Valgroup has received from the Findlay Hancock County Economic Development office, Ohio Means Jobs – Hancock and Jobs Ohio was of great importance to establish the business deal and our investment in Findlay. The continuity of the facility at its location is considered relevant to the economic development and the generation of jobs in the region.
Currently the Findlay unit produces barrier films for food packaging, metal adhesion films and embossed films.
Valgroup intends to broaden the plant’s product mix including as of April the production of stretch film, widely used in industrial packaging, among others. Plant revenue shall thereby double and an upgrade to the site’s facilities is expected with the introduction of the technology adopted by all Valgroup units. Since the purchase announcement, both companies have been working together to ensure a smooth transition with no interruption in customer service.
The acquisition of the Ohio unit is part of Valgroup’s expansion strategy in the North American market where Valfilm has been operating for two years at its California site specializing in the production of pre-stretched stretch film.
Founded in 1976 in Brazil, Valgroup offers complete and innovative solutions in rigid and flexible plastic packaging. The group is a leader in most segments of its business thanks to its continuous pursuit of quality, operational safety and technological evolution. Currently its companies are present in three American countries (US, Brazil and Mexico) and one European country (Portugal), with over three thousand five hundred employees and capacity to process approximately 400 thousand tons of resin per year.
For more information: www.valgroup.com.br