Scepter buys former Blitz fuel can plant

By Michael Lauzon
Correspondent

Published: October 11, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Blow Molding

TORONTO (Oct. 11, 3:15 p.m. ET) — A rival plans to revitalize the operations of defunct plastic fuel can molder Blitz USA Inc., which was once the largest such producer in the United States.

Scepter Holdings Inc. of Toronto said it has bought Blitz assets, including the land, buildings and machinery in Miami, Okla., for an undisclosed amount, effective Sept. 28.

“Our immediate goal is to try to address the current void in the portable fuel container market place brought about by the forced bankruptcy of Blitz,” Scepter President Robert Torokvei said in a Sept. 28 news release.

Scepter said it wants to make a viable export business based in the Miami location and to broaden the operation’s product line to use its excess capacity and technology.

Blitz closed its doors in July after unsuccessfully trying to reorganize under Chapter 11 of the U.S. Bankruptcy Code. Prior to the closure, Blitz sold its F3Brands LLC business of oil drains and related vehicle products in a bankruptcy auction sale to Hopkins Manufacturing Corp. of Emporia, Kan.

Blitz was inundated with lawsuits alleging injuries during use of its fuel containers. The firm could not financially protect itself from the numerous lawsuits.

Torokvei said the high number of suits in the United States is a concern.

“It’s something we have not witnessed in any other country we sell to around the world,” Torokvei said in the release.

Scepter said it will address future concerns by manufacturing containers that meet or exceed U.S. and international standards.

“Everyone needs to realize that gasoline must be handled in a safe manner, at all times,” he said.

The Portable Fuel Container Manufacturers Association has called for Congressional intervention to stabilize the business environment for plastic fuel containers. PFCMA is based in Sacramento, Calif.

Scepter plans to reopen the Miami operation in early 2013.

“We want a presence in the U.S. and Miami is centrally located with an excellent work force,” Torokvei explained.

The Miami business will run as a separate entity under the Scepter Manufacturing LLC name.

Scepter claims to be a major producer of fuel cans for the retail market and says it is the sole supplier of portable fuel containers to the U.S. military. It also says its supplies 90 percent of the international OEM market for remote portable outboard engine fuel tanks.


Comments

Scepter buys former Blitz fuel can plant

By Michael Lauzon
Correspondent

Published: October 11, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Pregis Corp. to get new owner

April 22, 2014 11:44 am ET

The private equity owner of Pregis Corp. is selling off its North American operations for an undisclosed sum.    More

PolyQuest spins off FiberQuest unit

April 18, 2014 10:14 am ET

PolyQuest Inc. has spun off its FiberQuest unit — which distributes polyester staple fibers and cotton — as a separate company.    More

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

Image

Navigating the rough seas of selling your company

April 17, 2014 2:47 pm ET

For family owned plastics firms who survived the Great Recession, many wonder: Is it time to sell, retire and sip cocktails on the beach? Or, maybe fi...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events