Placon, a North American thermoformer in sustainable plastic packaging, is expanding its production capacity and employee base with the acquisition of a former Sonoco packaging operation in Wilson, North Carolina.
Placon will purchase all operating equipment and hire more than 80 employees at the 112,000-sq. ft location. The deal will help meet existing capacity needs in retail and medical markets and further expand the company's role in thermoforming sustainable post-consumer recycled polyethylene terephthalate (PET) packaging.
Dan Gilbert, Chief Financial Officer of Placon stated: “The acquisition boosts Placon’s production capacity overnight to serve a rapidly growing demand for our unique, sustainable packaging solutions. In addition to expanding our national footprint into the southeast, Placon is thrilled to have such a talented pool of employees join our family. The welcome we have received by the community has been amazing.”
In addition to this expansion, Placon’s new cleanrooms in Elkhart, Indiana will be operational November 1 to double its capacity in the medical market. Dan Mohs, Chairman and CEO said: “Placon’s strategic plan continues to deliver growth and we have chosen to lean into the supply challenges by making strategic investments in our future.”