NEW YORK - Harvest Partners Inc. of New York has led the management buyout of Scandura Inc. and the Scandura (Canada) division from subsidiaries of BBA Group plc. of Yorkshire, England. Purchase price was $40 million. Scandura Inc., located in Charlotte, N.C., manufactures conveyor belts worldwide, and is the second-largest such manufacturer in North America.
Products include lightweight PVC belts used to handle packaging. Scandura operates plants in Charlotte; Port Clinton, Ohio; and Bracebridge, Ontario.
Plastech pruchases molding equipment
BRANFORD, CONN. - Plastech Corp. of Branford has purchased an 80-ton Shinwa Seiki injection molding press from Methods Plastics of Sudbury, Mass.
Plastech President A.W. Seavey said the Shinwa will be used for high-volume production of small automotive parts. The press is part of a $190,000 equipment replacement program that enables the firm to improve quality and production, and has made it possible to offer some price reductions.
Plastech, with annual sales totaling $1.2 million, currently employs 15 and plans to hire 10 more by year's end.
The company, which has 14 presses, plans to add another Shinwa Seiki in the 300-ton range this year, Seavey said.
Jaco receives award for quality in Ohio
BEREA, OHIO - Jaco Manufacturing Co. of Berea won Ohio's highest manufacturing honor - the 1994 Governor's Award for Team Excellence in Manufacturing.
Jaco is a custom injection molder specializing in small, close-tolerance industrial components and plastic tube fittings, and manufactures injection molding machines.
Preferred Closures makes safety book
NORTHBROOK, ILL. - Preferred Closures Inc. of Northbrook has produced an activity book supporting a children's safety awareness program.
The book, featuring Chicago Bulls' All-Star forward Scottie Pippin, presents safety tips for children and their parents.
Preferred Closures develops, manufactures and markets products using a special interlocking closure system to combat accidental poisonings or accidental spilling of harmful materials.
Wellex, investors form new company
VALENZUELA, PHILIPPINES - Wellex Group, one of the Philippines' largest plastics manufacturing companies, has teamed up with a group of Chinese and Japanese investors to form a new company called Plastics Holdings Inc.
Plastics Holdings will invest $41.6 million in the manufacturing, processing and trading of plastic products.
Wellex is owned by William Gatchalian. New partners include Elvira A. Ting and Shinji Kobayashi.
Wellex, a fully integrated plastics manufacturing complex, is situated on 123.5 acres in Valenzuela, near Manila. The company employs 3,000.
Wellex covers a number ofareas in plastics manufacturing - weaving, blown film, vacuum forming, blow molding, injection molding and extrusion.
Its products are exported to the United States, Europe, Japan, the Middle East and Australia. The group has diversified and invested in aquaculture, agriculture and other export-oriented activities.
Brierly. . .
Danco/Plastock Inc., a custom injection molder of high-performance engineered plastics based in Putnam, Conn., received Xerox Corp.'s Certified Supplier Award.
Professions Inc. of Cincinnati received the Outstanding Performance Award from Sealed Air Corp. of Saddle Brook, Ill. Professions is a search and recruiting firm specializing in the paper and packaging industry with mills and merchants.
Total Plastics Inc. of Millcork, Mich., will make and market a patented line of acrylic merchandising systems developed by Kleerex International of Dublin, Ireland. The system includes racks, binning, gravity feed shelves and free-standing fixtures for retailers.
Mack Molding Company of Inman, S.C., has designed and built a new low-turbulence painting system at its Inman plant to eliminate paint-related defects and enhance the quality of finished products. This design enables Mack to finish large television cabinets more efficiently.
Silgan Plastics Corp. of Chesterfield, Mo., presented Continental Glass & Plastic Inc. of Chicago with Distributor of the Year and Distributor Package of the Year awards; and O. Berk Co. of Newark, N.J., with its Sales Achievement Award.
Russell-Field Paper Company Inc., a Chicago distributor and converter of paper and film products, will stock a full line of Valeron Strength Film products manufactured by Houston-based Van Leer Flexibles Inc.
