These items were reported by news editor Don Loepp from the PaineWebber Packaging Wrap-Up held May 15-16 in New York.
Sonoco is ready for consolidation trend
Sonoco Products Co. believes the flexible packaging industry is beginning to consolidate, and the firm has sent Leo Benatar to participate in the trend.
``We want to be one of the consolidators,'' said Charles W. Coker, chairman and chief executive officer of the Hartsville, S.C., company.
Benatar is chairman and chief executive officer of Engraph Inc., Sonoco's flexible packaging unit.
Sealright adds gear for PS-to-PP switch
Sealright Co. Inc. is adding equipment to its thermoforming operation to switch from polystyrene to polypropylene, said Marvin W. Ozley, chairman, chief executive officer and president of the Overland Park, Kan., firm.
Sealright also is commercializing its Pinch-n-Seal reclosable pouch, which it touts as being cheaper than zipper bags. The company has a customer using the bags for dried fruit, and is test-marketing at a cough drop customer.
Tuscarora's deals showing profits
When you buy firms as frequently as does Tuscarora Inc., such deals may seem predictable to the president and CEO.
Here's John P. O'Leary Jr.'s predictions for 1995: Sales should reach $150 million to $160 million, up from $120.1 million in 1994. About $14 million will be from acquisitions, and $21 million from internal growth.
Tuscarora, based in New Brighton, Pa., makes custom designed interior packaging components - mostly expanded foam, but also corrugated paperboard, wood and rigid plastics.
The company has made 20 acquisitions in 10 years, mostly regional firms with about $5 million in annual sales.
In February, Tuscarora went international with its acquisition of Trondex Ltd., which has plants in Northampton, England, and Glasgow, Scotland.
Tuscarora also has experience with green-field expansions. The firm recently opened a plant - its 29th - in Storm Lake, Iowa.
Bemis may expand in medical packaging
Bemis Co. Inc. of Minneapolis had its appetite whetted with its 1994 acquisition of Hargro Health Care. Now Bemis is considering expanding its fledgling medical packaging business.
``As we develop things like the medical packaging business, we'll have to add to that either through acquisitions or adding equipment,'' said John H. Roe, Bemis president and CEO.
Chicago-based Hargro has sales of about $17 million.
ACX looks to revamp its cereal box liners
ACX Technologies Inc. of Golden, Colo., is looking to replace the paper-based liners found in most breakfast cereal boxes.
ACX said it hopes to sell the market on its proprietary package, developed for Coors beer, made of film laminated to boxboard. ACX also is working with a biodegradable polymer in some applications, said Karen Breen, manager of investor relations.
Sealed Air buys have international flavor
Sealed Air Corp. is on an international acquisition kick, having bought companies in New Zea-land and Norway in 1994. The Saddle Brook, N.J., company, best known for its bubble packaging technology, now has 49 manufacturing plants in 22 countries.
William V. Hickey, senior vice president, said that other than the firm's small automotive-related market, business is roaring.