Ringmetall SE is acquiring the thermoforming division of New England Plastics in the USA, thereby strengthening its business in liners for industrial packaging.
Ringmetall is expanding its portfolio in the US market with the acquisition of the Thermoforming Division of New England Plastics Corp., based in New Bedford, Massachusetts.
According to the company, the acquired unit manufactures rigid and form liners, dead liners, and other thermoforming products for industrial packaging solutions. All 41 employees are to be taken over. The division's turnover is in the high single-digit millions of US dollars, it is stated.
With the acquisition, Ringmetall is strategically strengthening its position in the liner business in the USA, according to the company. The business believes the acquisition complements its existing production in New York and expects additional growth potential. No details on the purchase price were disclosed. The takeover will be financed from its own funds and from freely agreed credit lines.
For Ringmetall, the takeover already the second acquisition in 2026.
Source: Ring metal
