Manufacturing Industry
Sigma buys Pa. producer of cast film.(Sigma Plastics Group buys FilmTec Corp.)
Plastics News, September, 2005 by Bregar, Bill
Byline: Bill Bregar Film giant Sigma Plastics Group has gained a foothold in markets for diaper film and medical disposables by purchasing Filmtech Corp., a producer of embossed cast film in Allentown, Pa. "This is a business that I'm not in and it has the potential to grow,'' said Alfred Teo, Sigma's chairman and chief executive officer.
He called Filmtech "a good company with a good product and reputation.'' Sigma of Lyndhurst, N.J., announced the latest acquisition Sept. 1. Teo declined to say how much Sigma paid for Filmtech, which employs 50 and runs six cast film lines in a 100,000-square-foot plant. Each year the plant ships more than 15 million pounds of polyethylene and polypropylene film products. Filmtech makes monolayer and multilayer...
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