Placon Corp Overview
Company Headquarters: Wisconsin, US
Founded: 1966
Workforce: ~ 500
Company Working: Placon Corporation, established in 1966 by Tom Mohs in Madison, Wisconsin, is a privately held, family-owned enterprise renowned for its innovative and sustainable plastic packaging solutions. Specializing in thermoformed and injection-molded packaging, Placon serves diverse sectors including food, medical, and retail markets, with a primary focus on North America. The company's commitment to sustainability is exemplified by its EcoStar line, which utilizes post-consumer recycled PET materials. In 2011, Placon became one of the first thermoforming companies to establish an on-site recycling facility, processing millions of recycled PET bottles and thermoforms daily to produce EcoStar material. Placon operates additional manufacturing facilities in West Springfield, Massachusetts; Elkhart, Indiana; and Plymouth, Minnesota. The Madison facility encompasses a 340,000-square-foot corporate space housing advanced thermoforming and extrusion capabilities, an in-house design and tooling center, and ISO 13485 certified cleanrooms for medical packaging. Furthermore, the company acquired Barger Packaging in 2011 to expand its medical packaging offerings, Plastic Packaging Corporation in 2014 to enter the injection-molded container market, and Brookdale Plastics in 2016 to strengthen its retail and medical packaging segments.
Strategy
Placon Corporation's strategic trajectory is anchored in sustainability, innovation, and market expansion, positioning itself as one of the leading companies in the plastic packaging industry. A cornerstone of its strategy is the commitment to sustainable practices, exemplified by the establishment of the EcoStar recycling facility in 2011. This facility processes post-consumer PET bottles and thermoforms, producing recycled materials for Placon's packaging solutions, thereby reducing environmental impact and aligning with circular economy principles. Innovation is integral to Placon's growth, with continuous investment in advanced technologies and product development. The company has expanded its medical packaging capabilities by doubling the size of its Elkhart, Indiana facility, incorporating ISO Class 8 cleanrooms and state-of-the-art thermoforming equipment to meet the stringent requirements of the healthcare sector. Strategic acquisitions have been pivotal in Placon's expansion. The acquisition of Barger Packaging in 2011 enhanced its medical packaging offerings, while the 2014 acquisition of Plastic Packaging Corporation allowed entry into the injection-molded container market, broadening its product portfolio. In 2021, Placon acquired a packaging facility in North Carolina, further increasing its production capacity and geographic reach. Placon's brand strategy emphasizes engineering excellence and customer-centric solutions. The company has redefined its brand to reflect its heritage in innovative custom packaging design, aiming to solve complex packaging challenges and deliver value to customers across food, medical, and retail markets. Through these strategic initiatives, Placon continues to strengthen its market position, focusing on sustainable practices, technological advancement, and customer-driven innovation to drive long-term growth and industry leadership.
