en.Wedoany.com Reported - Ringmetall, a chemical materials packaging supplier based in Munich, Germany, has recently acquired the thermoforming division of US-based New England Plastics to consolidate its liner business in the North American market. This division specializes in producing plastic pallets, rigid liners, and packaging systems through thermoforming technology, employs 41 staff, and is expected to generate annual revenues in the millions of dollars.

This acquisition marks another strategic move by industrial packaging supplier Ringmetall in the liner sector, following its acquisition of Makplast completed in March this year. As a liner supplier, New England Plastics' thermoforming division offers product lines including Tote liners and vacuum-formed thermoplastic packaging. It will complement Ringmetall's existing production facilities in New York, expand its product portfolio, and enhance market competitiveness. The division's Ebitda margin aligns with industry averages. The acquisition was financed through equity and credit facilities, with the specific transaction amount not publicly disclosed.

Through this acquisition, Ringmetall has strengthened its footprint in the US liner business, laying the groundwork for future growth. The company indicated that it may continue to seek further merger and acquisition opportunities in the liner sector this year to further expand its market share and business scope.

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