{"id":12552,"date":"2026-04-02T04:51:38","date_gmt":"2026-04-02T08:51:38","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=12552"},"modified":"2026-04-02T04:51:38","modified_gmt":"2026-04-02T08:51:38","slug":"ringmetall-acquires-new-england-plastics-thermoforming-unit","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=12552","title":{"rendered":"Ringmetall acquires New England Plastics thermoforming unit"},"content":{"rendered":"


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Ringmetall plans to finance the purchase from existing cash resources and available credit lines. Credit: Ihar Halavach \/ Shutterstock.com. <\/figcaption><\/figure>\n<\/p><\/div>\n

Ringmetall has agreed to purchase the thermoforming division of New England Plastics, based in New Bedford, Massachusetts, through an asset deal.<\/p>\n

Financial terms of the deal remain undisclosed.<\/p>\n

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The acquired business supplies rigid and form liners, tote liners and other thermoformed components used in industrial packaging.<\/p>\n

The unit employs 41 staff, all of whom will remain with the business, and generates annual sales in the \u201chigh single-digit million (USD) range\u201d.<\/p>\n

Ringmetall stated that the transaction is intended to reinforce its liner activities in the US, adding to its existing liner production site in New York.<\/p>\n

The combined setup is expected to expand the product range and provide scope for future growth.<\/p>\n

The EBITDA margin is reported to be in line with the usual level for Ringmetall\u2019s liner segment.<\/p>\n

The company plans to finance the purchase from existing cash resources and available credit lines.<\/p>\n

Ringmetall plans to integrate the thermoforming division into the group in the near term.<\/p>\n

Ringmetall co-CEO Christoph Petri said: \u201cWith the acquisition of the thermoforming division of New England Plastics, we are consistently pursuing our buy and build strategy.<\/p>\n

\u201cAfter the successful acquisition of Makplast last month, this is already the second acquisition this year. It underlines not only the attractiveness of the Ringmetall Group as a partner, but also our positioning as a serial acquirer. We also see further attractive acquisition opportunities in the further course of 2026, especially in the liner business.\u201d<\/p>\n

Last month, the company agreed to acquire<\/a> Makplast Makine Plastik Sanayi ve Ticaret, a Turkish-based producer of liners for industrial packaging.<\/p>\n

Ringmetall supplies industrial packaging components, including closure systems and inner sleeves for drums used in the chemical, pharmaceutical and food processing sectors.<\/p>\n

The group is headquartered in Munich and operates production and sales sites in Finland, France, Great Britain, Italy, the Netherlands, Poland, Spain, Turkey, and the US.<\/p>\n

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