NEW YORK - Just Toys Inc. of New York became sole owner of its North American manufacturing facility last month by purchasing Celt Specialty Partners of Brockport, N.Y. Just Toys purchased the half interest in Celt owned by Ambeck Plastics Inc., also of Brockport, for undisclosed terms, said Barry Shapiro, president of Just Toys.
Ambeck has no other plastics operation and its management joined Just Toys in the May 1 deal.
Celt primarily makes plastic foam sporting goods for children and does a small amount of captive injection molding, Shapiro said in a telephone interview. It sold most of its production to Just Toys.
Shapiro said Celt will continue manufacturing as a captive operation of Just Toys.
Shapiro said his company, traded on Nasdaq, had sales of about $25 million last year.
Its other product lines include action figures, foam-shooting toys and children's coin banks. Its toys are plastics-intensive and mainly made by affiliates in Hong Kong.
Injection molder's assets go on the block
CAGUAS, PUERTO RICO - Corporate Assets Inc. plans to auction assets of an injection molder at the molder's plant in Puerto Rico on June 22.
F.F. Industries Corp. of Caguas sold its equipment to Corporate Assets of Toronto for an undisclosed amount.
F.F. Industries President Otto Decker declined to comment on the deal and his firm. However, a spokeswoman said the company is shutting down its operation and has no plan to do other plastics work.
Corporate Assets will sell 25 presses with clamping forces of 40-1,000 tons. Some of the presses are as new as 1990 models. Press suppliers include Mitsubishi, Natco, Boy, Sandretto, Kawaguchi and Arburg.
It also has for sale four structural foam molding presses with capacities as great as 16 pounds, granulators, dryers, a tool and die operation and other equipment.
Sweetheart Cup to keep separate HQs
CHICAGO - Sweetheart Cup Co. will continue to keep corporate offices in both Chicago and Owings Mills, Md.
Parent Sweetheart Holdings Inc.'s board of directors decided April 26 to maintain the current setup, rather than consolidate headquarters in Chicago, Owings Mills or a third location, said Dan Carson, vice president and general counsel for the company.
Sweetheart is based in Chicago, but has corporate offices in Owings Mills, the site of its largest manufacturing plant and hub for engineering and customer service.
Sweetheart makes disposable plastics and paper packaging, including thermoformed and injection molded cups, plates and cutlery. Sales last year were $845.5 million.
Carson said the expense of such a consolidation played a large part in the board's decision. The move also would have disrupted ``a business that's in a turnaround mode right now.''
Accord to add profile coextrusion line
CONCORD, ONTARIO - Accord Manufacturing Corp. plans to order its first profile coextrusion line early next year to meet customer requests for two-color and two-hardness products.
The Concord company's fourth profile extrusion line will serve its existing customer base in furniture, construction, automotive and other consumer and industrial markets, according to John Mondino, general manager.
Accord started its third profile line in early May. It bought the 2.5-inch extruder from Deltaplast Machinery Ltd. of Toronto.
Mondino said his firm has not chosen a supplier for the new coex line, but plans to buy a 1.75-inch portable model for production flexibility.
Mondino said Accord has not had to increase plant space. Its current lease expires in 1997 and Accord probably will move to a larger facility.
Accord extrudes only PVC at its 18-employee facility. Profile sales grew from C$1.6 million (US$1.2 million) to C$1.8 million (US$1.3 million) for its last fiscal year, ended Sept. 30.
Mattel Canada builds warehouse
MISSISSAUGA, ONTARIO - Mattel Canada Inc. has begun construction of a new head office, warehouse and distribution center in Mississauga.
The 317,000-square-foot facility will open February 1996 and will include 125 Mattel and Fisher Price staffers now located in separate offices in Toronto and Mississauga, respectively.
Officials did not disclose the cost of the new facility.
Spokeswoman Peggy McMahan said Mattel Canada imports all the toys it sells in Canada. It has sales offices in Montreal and Vancouver, British Columbia.