Acquisition of Fusion Shrink Film

BROWNS SUMMIT, N.C. (Jan. 29, 2010) – Bonset America Corp. (Bonset), located in Browns Summit, N.C., has acquired Fusion® co-polyester shrink film business from Mitsubishi Polyester Film, Inc., located in Greer, S.C., as of January 29th, 2010.

Bonset expanded its production capacity in 2008 and has been one of the largest suppliers of co-polyester shrink film in North America. The company is also one of the few heat shrink film suppliers in the world that makes all three popular types of heat shrinkable films, PVC, PETG and OPS. This acquisition will make Bonset better able to offer the high quality heat shrinkable films with high production efficiency and quality.

About BONSET America Corp. – Bonset America Corporation is a group company of C.I. Kasei Co., Ltd. a leading Japanese manufacturer of plastic formed products including heat shrinkable film, packaging materials, decorative film, agriculture film etc. Together with C.I. Kasei, Bonset strives to support its customers worldwide with high quality heat shrinkable films and excellent customer services.
The companies are also the part of Itochu Corporation group, a Japanese trading firm that has a global coverage of business. Through Itochu’s network, the companies can provide its products worldwide.

About Mitsubishi Polyester Film – Mitsubishi Polyester Film, Inc. is an Americas affiliate of Mitsubishi Plastics, Inc., and offers a wide array of polyester films for existing markets such as industrial labels and liners, flexible packaging and also for many of today’s new emerging markets in energy and electronics. Mitsubishi Plastics, Inc., the parent company of Mitsubishi Polyester Film, Inc., manufactures and sells various high performance products and services including functional films, electronics materials, industrial & construction materials.

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