Film and sheet maker Sigma Plastics Group acquires the institutional can coating business of JR Plastics Corp. in Ocala, Fla., a move that JR says will allow him to focus on his plastic decking business.
In an Oct. 13 announcement, Sigma did not disclose the terms of the deal, but said its IsoFlex Packaging division was acquiring and purchasing customer lists and moving equipment for coating operations from cans at its plant in Pompano Beach, Florida.
JR Plastics said it was selling this unit to focus on other product lines.
“I am delighted to achieve the goal of focusing JR Plastics on our rapidly growing decking business,” said James Wear, founder and owner of JR, adding that he wanted to ensure that “institutional customers of liners of cans we have served over the years will continue to enjoy the excellent service and quality they have come to expect with JR. “
JR was one of the fastest growing companies in 2021 Plastics News ranking of North American film and sheet producers, up 17 places to 65th, after rising nine places the previous year.
Its sales are estimated at $ 100 million with a factory in Ocala and 25 production lines for markets such as food packaging, garbage bags and industrial can liners.
It also manufactures its WearDeck brand of reinforced plastic lumber for the commercial, municipal and residential markets.
Sigma CEO and Chairman Mark Teo said in the announcement that JR has a “long and distinguished history” in the Southeast institutional market.
Sigma placed fourth in the Plastics News film and sheet list, with $ 2.3 billion in estimated sales and 41 factories.