Clopay plans to exit some product categories in Europe

By Jessica Holbrook

Published: March 1, 2013 2:13 pm ET
Updated: March 1, 2013 2:16 pm ET

Related to this story

Topics Europe Packaging Film & Sheet
Companies & Associations

MASON, OHIO -- Clopay Plastics Products Co.'s European division will exit "certain less profitable product categories" this year in response to Europe's challenging economic climate, the company announced Feb. 25.

Instead, the company will focus on operating and growing its more profitable business lines and will invest in new capital projects to improve efficiencies.

In a March 1 phone call, a Clopay spokesman said the company was not currently discussing details of its restructuring plan.

In a news release, Clopay said it remains committed to its European business and that restructuring should lead to improved performance and future growth potential.

The company has plants in Dombühl and Aschersleben, Germany.

Clopay, based in Mason, Ohio, is a wholly owned subsidiary of Griffon Corp., a holding company headquartered in New York.

Clopay makes specialty plastic films and laminates for hygienic, health care and industrial applications. Along with its German sites, the company has facilities in Augusta, Ky., Mason and Nashville, as well as Brazil, China and Turkey.

Clopay had sales of $563 million for the fiscal year that ended Sept. 30.


Comments

Clopay plans to exit some product categories in Europe

By Jessica Holbrook

Published: March 1, 2013 2:13 pm ET
Updated: March 1, 2013 2:16 pm ET

Post Your Comments


Back to story


More stories

Image

Milacron restructuring Uniloy manufacturing in Europe

April 17, 2015 2:16 pm ET

Milacron LLC plans to consolidate manufacturing of Uniloy blow molding equipment in Europe into its new facility in the Czech Republic city of...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Force majeure declared at six European sites since mid-March

April 17, 2015 1:10 pm ET

At least six European resin makers have declared force majeure on polyethylene, polypropylene and related products since mid-March, leading to higher ...    More

Image

German auto supplier opening first US plant

April 17, 2015 11:00 am ET

Automotive supplier EuWe Eugen Wexler U.S. Plastics Inc. is investing $11.1 million to open a manufacturing facility in Anderson County, S.C., the...    More

Image

Zoltek expanding CF capacity in Europe

April 17, 2015 10:12 am ET

Leading carbon fiber group Zoltek Corp. has signed a strategic agreement with the Hungarian government to expand its operation in northern Hungary, al...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events