Clopay plans to exit some product categories in Europe

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

Related to this story

Topics Packaging, Film & Sheet, Europe

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

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

Blow molding machinery maker opens first plant in Taiwan

October 1, 2014 1:27 pm ET

Taiwanese equipment maker Kin Precision Industry Co. Ltd. has opened a 2,000-square-meter, 25-employee factory in Taichung, Taiwan, with an eye to...    More

Image

Speaker: Many issues can affect multi-cavity molds

October 1, 2014 2:02 pm ET

There are several conditions necessary across all cavities of a multi-cavity mold to ensure that all parts are produced the same. These include...    More

Image

Nucleation offers solution to shrinkage in HDPE closures

October 1, 2014 1:57 pm ET

For caps producers, nucleation can provide a practical solution to eliminate shrinkage variations in high density polyethylene beverage closures....    More

Image

German auto supplier Benecke-Kaliko to build second plant in China

October 1, 2014 10:24 am ET

German auto supplier Benecke-Kaliko AG is set to build its second Chinese facility, in Changzhou, to produce surface materials for automotive...    More

Image

Brown signs California's plastic bag ban into law

September 30, 2014 1:38 pm ET

Gov. Jerry Brown (D) made it official today: plastic bags are banned across the entire state of California.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events