Cove Point Holdings LLC, a privately held company, announced that its affiliate has purchased the Clysar division of Bemis Company Inc., a manufacturer of polyolefin shrink films used in petfood packaging.

Now an independent company, Clysar will move its headquarters from Oshkosh, Wisconsin, USA, to Clinton, Iowa, USA, where its extrusion and converting campus is located.

"Our capable, dedicated Clinton workforce has played a pivotal role in our first half-century of growth," said Hare. "This is an opportunity for Clysar to centralize our leadership, technology, development and manufacturing to make us an even stronger force in the shrink film market."