An eastern Iowa company that makes shrink film used to wrap food and consumer goods is under new management. Clysar is being sold to a private firm and the corporate headquarters will be moved to Clinton from Oshkosh, Wisconsin.
Clysar general manager Bill Hare says their main factory is already in Clinton. “It was really just a matter of deciding whether or not we wanted to have a separate office location somewhere else, be it Chicago or Wisconsin or wherever it might be,” Hare says.
“We made the management decision that we felt that having the entire team here in Clinton was the best functional situation.” Clysar employs about 280 people at its facility in Clinton. With the move of the headquarters to Clinton, the number will rise over 300.
That move should take about a year. Hare says the company intends to grow by challenging other forms of packaging, like cardboard and chipboard.
“Especially in the beverage market,” Hare says. “We believe that when you go to the grocery store and you buy a four-pack of V8 juice or a four-pack of Starbucks cappuccino, we believe there are opportunities for shrink film to replace the chipboard that you currently purchase those items in.”
Clysar was founded in Clinton 50 years ago as a division of DuPont and was sold to the Bemis Company in 2002. The new owner is a private investment firm, Cove Point Holdings, based in New York.