Aquafilm: Acquisition of cast PVOH film producer MonoSol
Water soluble blown film manufacturer Aquafilm, USA, has been bought by MonoSol of the USA as part of the break-up of its American parent, also called Aquafilm. In the USA Aquafilm’s edible film products business in Florida has become part of the US arm of British-based BioProgress, which makes oral drug delivery systems. Aquafilm Ltd, formerly part of Linpac, was set up in 1986 and was bought at the end of 2000, along with Enak Ltd, by Cast Film Technology LLC of the USA, which the next year changed its name to Aquafilm LLC in an integration with Microflake Inc. The British business was the main production site for Aquafilm’s industrial and consumer soluble films, the American company concentrating on edible films.
MonoSol makes blown and solution cast PVOH films and says that the acquisition enables it to expand production of blown films in North America and cast films in Europe. It will maintain Aquafilm’s existing UK operations. MonoSol also makes edible films, following the purchase of Kosmos Pharma of the USA in January this year and the setting up of MonoSolRX.
The takeover of Aquafilm Ltd gets back MonoSol’s laundry bag business, which it sold to Aquafilm last year.