Injection molder Amaray buys Infiniti

By Michael Lauzon
Correspondent

Published: August 16, 2013 3:01 pm ET
Updated: August 20, 2013 11:58 am ET

Related to this story

Topics Medical, Consumer Products, Injection Molding

Amaray has expanded its stake in home-entertainment packaging by acquiring Infiniti Media Inc. of Los Angeles.

Infiniti has an injection molding facility in Paducah, Ky., that produces packaging for media such as CDs and DVDs. Amaray is relocating the manufacturing assets to its Elizabethtown, Ky., injection molding plant.

"The Infiniti acquisition demonstrates Amaray's continuing support of the media market as it transforms and consolidates," said Ted Brown, Amaray North America vice president and general manager, in an Aug. 15 news release.

"Infiniti's highly automated manufacturing assets are of excellent quality and provide press sizes that are not currently in our asset portfolio, which will help facilitate our growth in new product categories and new markets."

Amaray's main markets have been media, personal care, beverage and health care.

The company's 200,000-square-foot Elizabethtown plant and warehouse has 40 presses with clamping forces ranging from 110-450 tons. It is large enough to accommodate Infiniti's presses, officials said in an email. Infiniti's presses range up to 660 tons.

Amaray also operates an injection molding manufacturing plant in Pittsfield, Mass., that includes 28 presses from 80-420 tons and a mold shop in a 75,000-square-foot building.

Elizabethtown will have 46 presses when the relocation is done, bringing Amaray's North American total to 76.

Brown said the Infiniti purchase will improve efficiency and increase Amaray's capacity by 35 percent.

He did not know how many presses will be relocated to Elizabethtown.

Amaray also has molding plants in Corby, England, and Freden, Germany. It is a business unit of ASG, formerly known as AGI-Shorewood Group. The latter company was formed by the merger in early 2012 of AGI World and Shorewood Packaging. AGI-Shorewood changed its name in early 2013.

ASG of Stamford, Conn., focuses on specialty packaging and printing. Its other markets encompass health and cosmetics, consumer electronics, confectionery and specialty foods, spirits and sporting goods. ASG comprises two legal entities: AGI-Shorewood U.S. and AGI-Shorewood International. Private investment firm Atlas Holdings LLC of Greenwich, Conn., owns AGI-Shorewood U.S. and holds 60 percent of AGI-Shorewood International, with International Paper Co. holding the rest. In total, the two entities employ 3,000 in four global plastics and decorating facilities and 15 folding carton plants.

ASG's injection molding operations are under the Amaray name.


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Injection molder Amaray buys Infiniti

By Michael Lauzon
Correspondent

Published: August 16, 2013 3:01 pm ET
Updated: August 20, 2013 11:58 am ET

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