APV Chemical Machinery Inc., a Saginaw, Mich., plastics equipment manufacturer and distributor, has been purchased by a company recently formed by APV executive Ray Miller. The company will retain the full APV staff and product lines.
The new owner is B&P Process Equipment and Systems. Miller, who had been vice president and general manager of APV, is now president and chief executive officer of B&P. He joined APV in 1991 as national sales manager and was named vice president in 1994. Miller's background is in engineering and sales and marketing with Farrel Corp. and Buss (America) Inc.
APV announced the management-led buyout April 26. It became effective April 20.
The acquisition was so recent that APV personnel did not have time to change the logo and name on the APV booth at the Plast-Ex show in Toronto last week, according to Paul Cunningham, B&P district sales engineer.
``Nothing has changed in service and support,'' Cunningham said during a May 1 interview at the show. ``We will retain the distributorship agreement because we have done well with twin-screw extruders.''
B&P will continue to market twin-screw extruders supplied by APV plc of Lygon Place, near London.
APV makes twin-screw extruders at a plant in Peterborough, England, said David Watson, B&P sales engineer. The Saginaw operation can assemble twin screws and make controls.
B&P will continue to sell APV extruders in North America, part of South America and Japan, Cunningham said.
Major plastics customers for the thermoplastic and thermoset extruders include custom and toll compounders and molders that perform in-house compounding.
In Saginaw, B&P also will continue to make mixers, granulators, dryers and centrifuges. Cunningham said Saginaw employs about 70 and has a process laboratory.