US-based sustainable packaging firm Revolution has purchased Five Points Films, a manufacturer of cast hand and machine stretch film, for an undisclosed sum.
Five Points Films was founded in 2014 and is based in Shelbyville, Tennessee.
The acquisition is intended to expand Revolution’s increasing domestic presence while widening its production capabilities and sustainable product portfolio.
Revolution CEO Sean Whiteley said: “Five Points is a truly impressive business grounded in a strong company culture and commitment to serving its customers.
“The success and growth that the company has demonstrated in the short time since its founding is a testament to its best-in-class operation, and we are very excited to welcome the Five Points team to the Revolution family.
“We look forward to collaborating with and learning from the Five Points team in the coming months, working together to continue Five Points’ track record of producing quality products, while also bringing new innovations and sustainable solutions to the stretch film market, including the use of post-consumer material in stretch film products.”
Five Points president Gregg Smith said: “We set out to develop a stretch film company that customers would genuinely enjoy working with, delivering high quality, innovative products, personalised, friendly service and integrity at our foundation.
“By joining Revolution, we are confident that the success we have built will only continue thanks to our shared values of innovation and a commitment to taking care of the customer.”
Brands currently owned by Revolution include Delta Plastics, Revolution Bag, Revolution Ag, Rodeo Plastics, Command Packaging, Polar Plastics and Jadcore.
Last October, the company acquired polyethylene film manufacturer Polar Plastics for an undisclosed amount.
In May, Five Points Films announced a multimillion-dollar investment to add a stretch film production line to its site in Shelbyville, Tennessee.
The equipment is expected to increase the facility’s production capacity by up to 35% by the end of this year.