Manufacturing Industry
Sigma snags N.Y. extruder.(Sigma Plastics Group acquired Allied Extruders Inc.)(New York)(Brief article)
Plastics News, July, 2007 by DeRosa, Angie
Byline: Angie DeRosa Film and sheet extruder Sigma Plastics Group of Lyndhurst, N.J., has acquired Allied Extruders Long Island City in a deal that closed June 26. Allied Extruders LIC operates one plant in Long Island City, N.Y., with a roughly 80,000-square-foot facility and more than 60 employees.
"We just see opportunities for consolidation,'' said Andrew Teo, who will serve as chief financial officer of the newly formed Allied Plastics Holdings. "Allied is a good fit for the Sigma Plastics Group.'' Allied was founded in 1969. It makes custom monolayer and coextruded polyethylene films. Those films are used in specialty food packaging, laminations, stand-up pouches, and produce and coffee films, to name a few applications. The company uses 45...
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