Captive Plastics Takes Shareholder Position in PET-Power

Captive Plastics Takes Shareholder Position in PET-Power

PISCATAWAY, N.J.--Captive Plastics has taken a majority shareholder position in PET-Power in Etten-Leur, Holland, a European producer of PET containers. The investment expands Captive Plastics' global position, according to John Raymonds, Captive Plastics' president and chief executive officer. "This investment fits perfectly into our plan for aggressive growth," Raymonds said. "[The investment] improves our leadership position by offering a global supplier advantage to customers, while enhancing our significant expertise in injection molding, injection blow molding, extrusion blow molding and stretch blow molding." For more information, contact Captive Plastics at (847) 298-9001 or visit Booth #1837 at SupplySide West.