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CHICAGO , Aug. 8, 2022 /PRNewswire/ -- Charter Next Generation (CNG), North America's leading producer of high-performance, sustainable films, today announced that it will acquire Polymer Film & Bag, Inc. (PF&B), the extrusion business of the Polymer Packaging family of companies based in Massillon, Ohio , along with certain related assets.
"PF&B is a perfect fit for CNG and will help us continue to outpace industry growth in the future," said Kathy Bolhous , Chairman and CEO of Charter Next Generation. "The team in Massillon shares many of our core values as well as a focus on creating sustainable solutions. We also share a commitment to focus on our customers' success by providing the most advanced, highest quality films available. We are thrilled to welcome the PF&B team to CNG."
Polymer Film & Bag is a Safe Quality Food (SQF) manufacturing company serving industrial and food service markets. Its state-of-the-art co-extrusion lines offer superior quality, environmentally responsible films featuring a stronger but thinner design that surpass the properties of thicker conventional films. Some of PF&B's unique capabilities will be new to CNG, enabling CNG to expand into new, attractive vertical markets.
"We attribute CNG's success to our focus on having: (1) the best assets to deliver the best quality in the industry; (2) a passion for developing the next generation of sustainable solutions for a better world; (3) a commitment to being ultra-responsive to our customer's needs; (4) and the most talented team in the market, employee-owners who continually seek "a better way" to improve our business," said Doug Latreille , Chief Commercial Officer of Charter Next Generation.
"As I considered divesting this business, my primary concern was to find the best possible home for my employees while providing the best possible care for our customers," said Larry Lanham , CEO, and Owner of Polymer Packaging. "I immediately thought of CNG, the preeminent supplier in this marketplace, with a reputation for delivering both."
The Polymer Packaging Family of Companies is comprised of Polymer Packaging, Inc. (PPI), a leader in developing flexible packaging solutions for the consumer products industry; Polymer Protective Packaging (PPP), which provides custom protective packaging solutions that protect products from shock vibration effects and surface abrasion. https://www.polymerpkg.com
Charter Next Generation is North America's leading independent producer of high-performance, sustainable films used in flexible packaging and other end-use markets. Known for sustainable, innovative products and world-class manufacturing capabilities, the company's quality and expertise are unsurpassed. Its sustainability-first mindset, and relentless pursuit of excellence, make it an ideal partner to help brand owners reach their long-term sustainability goals. https://www.cnginc.com
Media Contact: Bill Singer Director of Marketing-Branding, Charter Next Generation [email protected] | 856.981.0991
SOURCE Charter Next Generation, Inc. (CNG)
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