Spartech Expansion

Spartech Corporation completed the purchase of certain assets and entered into a supply agreement with Wilbert, Inc.’s TriEnda Division located in Portage, Wisconsin. The acquired business is a manufacturer of extruded sheet primarily for the TriEnda line of reusable shipping and material handling containers. Spartech will service this more than 40 million pounds of business uti-lizing the Portage-based extrusion lines and assets acquired in connection with the purchase. Practically all of the personnel currently working in the sheet extrusion division of TriEnda will be Spartech employees. The operation will become Spartech’s 22nd Plastics facility.

Spartech’s Chairman, President and CEO, Bradley B. Buechler, stated, “This acquisition, representing more than 40 million pounds of growth for Spartech, is a key component of our strategic expansions cornerstone for growth which includes focusing on outsourcing opportunities with current captive producers of plastics products. Last year we established a cross-functional ‘outsourcing team’ targeting businesses that produce their own plastics materials, but where such operations are not core to their business models. Whether the process is sheet extrusion, compounding, profile extrusion or molded products, this team is charged with identifying, analyzing, negotiating, and closing transactions with these companies. The TriEnda acquisition, with a purchase price of approximately $5.5 million, represents our fifth such transaction completed during the last two years.”

For more information, contact Spartech Plastics, 120 South Central, Clayton, MO 63105, 800-558-7876 / 314-721-4242, Fax: 314-721-1543, Web: www. spartech.com.