Charter NEX Acquires Optimum Plastics
The acquisition brings together two producers of specialty films.
PE film producer Charter NEX Films, Milton, Wis., has completed the acquisition of Optimum Plastics, Bloomer, Wis.
Charter NEX supplies flexible packaging converters with a broad array of products, from monolayer to high barrier films, for the retail food, consumer products, industrial and medical markets. Optimum Plastics is a producer of custom engineered cast embossed and high barrier coextruded blown films for the packaging, medical and industrial markets.
“We are excited to be joining forces with Optimum Plastics,” said Kathy Bolhous, CEO of Charter NEX. “Today’s announcement marks the combination of two innovative pioneers in specialty films. Our strategy is to continue our focus on expanding both our process capabilities and our film portfolio, while delivering the highest quality products and service to our customers. Together, we will become a more diverse business, with complimentary capabilities and resources that will delight our customer base.”
“We have long known that these two companies belong together,” stated Kevin Keneally, CEO of Optimum Plastics. “We are excited to be joining the Charter NEX team and see a bright future for our customers and associates. Our customers will gain access to a greater breadth of technical and operational capabilities, and together we can bring unique new products to market.”
Following the transaction, Bolhous will continue to serve as CEO and Keneally will be appointed president and Chief Commercial Officer, reporting to Bolhous.
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