Bloomer Plastics, Inc., a leading processor of custom engineered cast embossed films for the industrial, medical and packaging markets, today announced it had acquired Delaware, Ohio-based Optimum Plastics, a technology leader and pioneer in high barrier coextruded blown films. Terms were not disclosed.
“We’re proud to welcome Optimum into the Bloomer Plastics family. Bob Clemons (president and CEO of Optimum) and his team have assembled the finest set of multi-layer high-barrier film assets in the stand-alone film market, ” said Kevin Keneally, president and CEO of Bloomer Plastics. “Their leadership position in custom engineered nine-layer nylon coextrusions is unmatched. We look forward to continuing their investment in state of the art technologies for our mutual valued customers."
The combination of engineered blown film to Bloomer’s existing portfolio of custom designed cast film is directly aligned with its fundamental strategic initiatives and is core to the company’s growth plans. This is a significant move for Bloomer as this transaction will nearly double the revenue and employee base.
“We’re pleased to join forces with the Bloomer Plastics team. After 20 years of successful business operations, we are convinced that a merger with Bloomer will carry new opportunities for our employees, customers and partners,” said Clemons. “The team at Bloomer holds the right resources and talents to bring our business to the next level of performance.