Charter Next Generation continues to expand with the acquisition of Polymer Film & Bag, Inc. and certain related assets
CHICAGO, August 8, 2022 /PRNewswire/ — Charter Next Generation (CNG), North America leading producer of durable, high-performance 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, Ohioas well as 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 of 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 delighted to welcome the PF&B team to CNG.”
Polymer Film & Bag is a Quality Safe Food (SQF) manufacturing company serving the industrial and foodservice markets. Its state-of-the-art co-extrusion lines deliver superior quality, eco-friendly films with a stronger yet thinner design that surpasses the properties of thicker conventional films. Some of PF&B’s unique capabilities will be new to CNG, allowing CNG to expand into attractive new vertical markets.
“We attribute CNG’s success to our goal of 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 the needs of our customers; (4) and the most talented team in the market, employee-owners who continually seek “a better way“to improve our business,” said Doug Latreillecommercial director of Charter Next Generation.
“As I considered divesting this business, my primary concern was finding the best possible accommodation 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 market, with a reputation for providing both.”
About Polymer Packaging, Inc.
The Polymer Packaging family of companies includes Polymer Packaging, Inc. (PPI), a leader in the development of flexible packaging solutions for the consumer products industry; Polymer Protective Packaging (PPP), which provides custom protective packaging solutions that protect products against the effects of shock, vibration and surface abrasion. https://www.polymerpkg.com
About Charter Next Generation
Charter Next Generation is North America leading independent producer of durable, high-performance films used in flexible packaging and other end-use markets. Recognized for its durable, innovative products and world-class manufacturing capabilities, the company’s quality and expertise are unmatched. Its sustainability mindset and relentless pursuit of excellence make it an ideal partner to help brand owners achieve their long-term sustainability goals. https://www.cnginc.com
Marketing-Branding Director, Charter Next Generation
[email protected] | 856.981.0991
SOURCE Next Generation, Inc. (NGC) Charter