Clondalkin Group acquires Ohio-based Accutech Films

Clondalkin Group, the international producer of flexible and specialist packaging products with over 40 production locations throughout Europe and North America, has acquired Ohio-based Accutech Films, a producer of flexible plastic films for industrial, agricultural and food and beverage applications.

The acquisition further expands Clondalkin’s presence in the North American flexible packaging sector. Accutech will augment Clondalkin’s plastic packaging businesses that include Fortune Plastics which has several production facilities in Connecticut, Tennessee, Illinois, Florida and Arizona – as well as Toronto-based Direct Plastics acquired in June 2007.

Norbert McDermott, CEO of Clondalkin Group, stated: ‘The Accutech acquisition expands our geographic and technological capability in North America. Accutech’s growth record and strong product differentiation are key attractions for us. Between our North American and European plastic packaging operations, we operate ten dedicated plants supplying high barrier, multilayer, printed and biodegradable plastic films to specialist applications in the industrial, food, beverage, retail, medical and agricultural and horticultural markets. Accutech represents a significant expansion for us in these segments.’

Nick Ruchty, CEO and one of the founders of Accutech, stated: ‘I am delighted to align Accutech with an international specialist packaging group with existing well-established businesses in North America. Clondalkin is an ideal partner for us, and we were particularly drawn to its record of assiduously developing acquired companies to achieve their potential. The main pillars of our production and service ethos are engineering, innovation and performance. We observe that Clondalkin Group has a like-minded approach in its businesses. We are very excited about the development prospects we have unlocked for our customers, suppliers and employees by completing this acquisition.’

Paul Hogan, Clondalkin’s director of development, whose team handled the acquisition, said: ‘We are delighted to welcome Nick Ruchty, his management team, sales executives and employees into Clondalkin Group. Accutech has an outstanding reputation as an innovative, customer-focused supplier of high quality films and provides an excellent platform to further implement our strategic objectives.’