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 Consumer Products, Medical, 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.


Comments

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

Post Your Comments


Back to story


More stories

Image

Tessy investing $10 million in new plant, infrastructure

July 30, 2014 4:57 pm ET

Tessy Plastics Corp. continues to buy factory buildings in upstate New York — acquiring a 112,000-square-foot former Honeywell building in...    More

Image

One51 adding injection molder Straight to its bin molding portfolio

July 29, 2014 10:12 am ET

Dublin-based One51 plc has had its purchase of British trash bin maker Straight plc cleared by the United Kingdom's Competition and Markets Authority.    More

Image

Two medical device makers add specialty products through acquisitions

July 28, 2014 3:02 pm ET

The medical merger mania continues this summer as two more medical device manufacturers are swallowed up by bigger competitors.    More

Image

Columbine Plastics moving to new Colorado site

July 25, 2014 11:38 am ET

Custom injection molder Columbine Plastics Corp. plans to move from Boulder, Colo., to the Colorado Technical Center in Louisville, Colo.    More

Image

Metals and plastics company NN to buy Autocam in $300 million deal

July 25, 2014 10:07 am ET

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

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

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

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

More Events