DuPont Liquid Packaging strikes deal with Exopack
Whitby, Ontario; November 7, 2007 -- DuPont Liquid Packaging Systems, also known as Liqui-Box, has announced a definitive agreement to sell its performance films business segment (encompassing the Sclairfilm and Dartek operations) and its Whitby, Ontario, operating facility to Exopack Performance Films Inc., an affiliate of Sun Capital Partners, Inc. The transaction is expected to close in November 2007, subject to regulatory approval. Terms of the transaction were not disclosed.
The performance films operations focus on the production of Dartek nylon 6,6 cast film, a high-quality barrier film, and the Sclairfilm family of premium sealant films. These products are manufactured at the Whitby facility and used in a variety of packaging and industrial applications. As part of the sale, DuPont Liquid Packaging Systems is entering into a long-term supply agreement with Exopack for films and laminates produced at Whitby site that are used in its liquid packaging systems business.
Under the terms of the sale, Exopack will offer employment to all employees involved in the Whitby site operations including poly, nylon, finishing, laminations, and manufacturing support, as well as sales and sales support for the Sclairfilm and Dartek businesses.
Doug Baker, global business director, DuPont Liquid Packaging Systems, states: "This sale will enable us to strengthen our focus on our core business in dairy, liquid food, and beverage packaging systems. In particular, we intend to accelerate the introduction of new product innovations and packaging technologies to meet customer needs and pursue emerging global market opportunities."