Polyclear: Acquisition of Amberdale
UK film extruder and converter Polyclear has acquired Amberdale, a printer and converter of PE products, for an undisclosed sum. The deal will almost double the size of Southampton-based Polyclear. Its current turnover is around E7.5m; Amberdale, located in Harlow, has sales of E6.4m. It is understood the two companies will retain their identities, but operate under the parent company Polyclear Holdings. Polyclear said it saw scope for a number of synergies including the supply of film, which Amberdale does not extrude, from the Polyclear site and some reconfiguring of the machine line-up. Polyclear was established by Paul Mehta about 30 years ago and retains the family tradition with two of his sons holding senior positions in the business.