“The strategic fit between McNeely Plastic Products, Inc. and Sigma Plastics Group…..from product type and equipment to skilled employees and strong executive management….achieved the owners’ goal of restructuring the company to take advantage of industry opportunities in addition to facilitating estate planning requirements.”

-- Jeff W. Shoop
CEO
Consulting Services, Incorporated

GMAAG Firm Member, CSI, Advises USA Plastics Packaging Manufacturer In Majority Investment By Packaging ConglomerateDate: 01-06-2010

Consulting Services, Inc. is pleased to announce that it acted as the exclusive consultant to McNeely Plastic Products Inc., a privately owned USA manufacturer of blown film, laminations and bags, in McNeely Plastic Products Inc.’s sale of majority ownership to Sigma Plastics Group, the largest privately owned U.S. film and sheet extrusion company with 5000+ employees and annual sales of ~US$1.8 billion.

McNeely Plastic Products Inc. was founded in 1983 and is a high-quality, cost effective, reliable, value-added flexible film and bag product manufacturer that supplies, primarily, the U.S. food industry. McNeely Plastic Products Inc. has a diversified product range, including converter films, barrier food packaging, roll stock, industrial liners, wicketed bags and reclosable bags and also provides printing, bag making and lamination.

Sigma Plastics Group Chairman and CEO, Alfred Teo, said this investment continues his company’s moves to consolidate the flexible packaging industry. “The industry really needs some consolidation, and I think there are going to be more,” Mr. Teo said. He stated that McNeely Plastic Products Inc. was “a well-established, reputable company that complements our industry film strategy.”

McNeely Plastic Products Inc.'s CEO, Greg McNeely, said that being a part of Sigma gives McNeely Plastic Products Inc. “a wide array of resources and growth opportunities” to meet the increasing need for higher performance materials and advanced graphics capabilities in product lines as well as position McNeely Plastic Products Inc. to continue to maintain a superior level of service with competitive cost effective products.

McNeely Plastic Products Inc. will become a majority-owned subsidiary of Sigma Plastics Group. McNeely Plastic Products Inc.'s executive management will remain in their active roles and retain an ownership stake.

Contact details:

Please contact the following GMAAG member if you are interested receiving further information on this transaction:
Jeff W. Shoop, CEO, Consulting Services, Incorporated Email Jeff W. Shoop