Inteplast buys Danafilms plant from RKW - Plastics News
The seller is RKW Danafilms, part of Frankenthal, Germany-based RKW SE. Following the divestment, RKW Danafilms changed its name to RKW North America. The company said the new name reflects its solid position in the North American blown film market. The deal between the two major film companies came to the surface after RKW announced the name change without mentioning the fate of the Westborough plant. “The divestment of the Westborough plant allows RKW to focus its business and investments on the [coextruded] films offered out of Franklin, Ky. , whilst keeping much of its traditional monolayer films business,” a company spokeswoman said in an... The name change builds on the strong RKW brand, “so well known in Europe, and which is [in] line with RKW’s global businesses,” she added. RKW Group entered the North American market in 2010 when it bought Danafilms Inc. , which was based in Westborough and also had a plant in Franklin, which had opened in 2000. RKW’s North American business now is based in Franklin. Erik Powell, vice president and general manager of RKW North America, said the Franklin plant can accommodate several additional extrusion lines, and that the location has space to significantly increase the plant size. Source: www.plasticsnews.com
