CHICAGO - American National Can Co. completed its purchase of Union Camp Corp.'s 200,000-square-foot flexible packaging plant in Asheville, N.C. ANC will invest $15 million in new equipment and upgrades at Asheville during the next 12 months, the company said in an April 3 news release. It also will cut the plant's work force from 174 to 125 people, in a move to increase efficiency and control costs, the release said.
The expansion is geared toward a growing health-care market, said Chicago-based ANC.
``The plant will gradually become more dedicated to production of health-care packaging,'' said Dennis Kester, senior vice president of plastic packaging.
The Asheville facility will continue to make printed and laminated film packaging for the food, health-care and specialty markets for its existing customers. It also makes labels for frozen citrus, dry snacks and other consumer items - a new market for ANC.
ANC is part of Pechiney International SA, a Paris firm with interests in aluminum and packaging.