Verstraete IML plans to “significantly expand” its market presence in North America. Prior to the sale, Verstraete was planning an additional production site in Clarksville, TN, belonging to a sister company of Constantia Flexibles. “However, as soon as the sale of Constantia Labels was announced, we put these plans on hold,” commented Verstraete.

Founded in 1987, Trilogy Plastics manufactures custom products for the industrial, consumer, lawn and garden, heavy truck, medical, and other markets. The combination of Trilogy with Myers’ Ameri-Kart and Elkhart businesses will create one of the largest rotational molding manufacturers in the United States and will provide Myers’ customers with access to a more complete portfolio of diverse products, said the news release.

The combination of Trilogy with Myers’ Ameri-Kart and Elkhart businesses will create one of the largest rotational molding manufacturers in the United States.

Until she retired in September 2021, Clare Goldsberry reported on the plastics industry for more than 30 years. In addition to the 10,000+ articles she has written, by her own estimation, she is the author of several books, including The Business of Injection Molding: How to succeed as a custom molder and Purchasing Injection Molds: A buyers guide. Goldsberry is a member of the Plastics Pioneers Association. She reflected on her long career in "Time to Say Good-Bye."

A manufacturer of polymer products for the industrial, agricultural, automotive, commercial, and consumer markets, Myers said that it is focused on transforming itself into a high-growth, customer-centric innovator of value-added engineered plastic solutions. The Trilogy Plastics acquisition accelerates Horizon 1 of the long-term strategy focused on value-added bolt-on acquisitions.

Verstraete added, “We plan to be operational in the second quarter of 2018 rather than at the end of 2017, as originally planned. We are already looking forward to informing our clients in North and South America in detail about our U.S. production site during NPE in May 2018.”

Trilogy Plastics will operate as a part of the rotational molding platform within Myers’ Material Handling Segment. Headquartered in Alliance, OH, Trilogy has two US manufacturing facilities and employs approximately 265 people. Trilogy’s annual revenues are approximately $35 million, and the acquisition is expected to be slightly accretive to earnings in 2021.

Myers Industries Inc. today announced that it has acquired the assets of Trilogy Plastics, a custom rotational molder specializing in high-tolerance parts and assemblies. This is Myers’ second acquisition in the last nine months and is framed by the company as part of its “One Myers” long-term strategic plan.

Following the acquisition by Multi-Color, Verstraete conducted a joint study and moved its expansion plans to a building belonging to Multi-Color in Batavia, near Cincinnati.

“We believe there is a promising future for Verstraete IML with our new partner MCC,” said Verstraete. “Multi-Color Corp. is entirely focused on labels and, therefore, fits our core activity perfectly. Furthermore, MCC has 70 operational sites worldwide. That gives us opportunities to increase our global presence. In addition, at Verstraete IML our strength lies in injection molding and thermoforming IML, while MCC is big in blowmolding IML. By combining our technological know-how we are able to create new opportunities. Last but not least, MCC is a U.S.-based group and America remains an important growth market for IML.”

Dieter Maes, Business Development and Marketing Manager for Verstraete IML, commented: “The location suits our clients better and Cincinnati is a large metropolis. In this way, we hope to attract the right staff more easily. The only disadvantage is that this means a delay to the opening of the new production site in North America by a few months.”

Myers expects the transaction, which was financed with its revolving credit facility, to generate cost synergies of approximately three percent of sales. These cost synergies will stem primarily from supply-chain optimization, it said. In addition, the company expects to realize growth synergies due to the broader geographic footprint created by the combined rotational molding businesses.

It has been a year of change and forward motion for Verstraete IML, a global supplier of in-mold labels headquartered in Maldegem, Belgium. According to company owner Koen Verstraete, in 2017 the company “saw growth” and continued to “invest significantly” in its Belgian production sites in order to increase capacity and reduce lead times for the company’s global customers. Meanwhile, at the end of October, parent company Constantia Flexibles announced the sale of its labels division, which includes Verstraete IML, to Multi-Color Corp. (MCC; Batavia, OH).

“Trilogy has an outstanding record of providing its customers high-quality, high-tolerance products and superior service, making it an excellent addition to the high-performance culture we are continually building at Myers,” said Mike McGaugh, President and CEO, in a prepared statement. “We look forward to integrating the Trilogy business into the Myers family, and continuing to grow organically and through additional acquisitions.”