Scholle Corporation completed the sale of its Vacumet Plastics Division to Polyplex Corporation Limited. Polyplex, which is headquartered in New Delhi, India, is one of the world's largest thin-polyester film producers with manufacturing facilities located in India, Thailand, Turkey and the United States. The acquisition of Vacumet Plastics expands Polyplex's metallized product range to include all plastic substrates and enables the company to offer a broad set of products to its North American customer base. The sale of the Vacumet Plastics Division is consistent with Scholle Corporation's strategy to focus on growing its core Performance Packaging Solutions business.
"GKB handled a complicated assignment in the sale of two businesses. GKB went above and beyond in terms of effort and diligence, and most importantly they brought a high level of expertise that allowed us to work through the many challenges faced in order to achieve the desired results. The entire team stayed fully engaged in the process until both deals closed. We simply could not have asked for more in terms of GKB's effort, professionalism, commitment, and results."
Vice President - Corporate Development of Scholle Corporation