Manufacturing Industry
Appleton Papers pays $68 million for NEX.(New England Extrusion Inc.)
Plastics News, January, 2005 by Pryweller, Joseph
Byline: Joseph Pryweller Specialty paper manufacturer Appleton Papers Inc. is continuing to amass a portfolio in the plastic film market with its purchase of New England Extrusion Inc. The Appleton, Wis.-based buyer believes the packaging film market to be a growth leader that complements its core paper products, spokesman Bill Van Den Brandt said Jan.
13. "We used to be exclusively a paper company, but we're moving into other, more diversified areas,'' he said. "Acquisitions are part of our growth strategy. I'd be surprised if this was the last acquisition we make in the film business.'' In the acquisition, announced Jan. 12, Appleton paid $68 million and assumed some liabilities. "It very much fits our strategy,'' Van Den Brandt said. "We think...
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