PISCATAWAY, N.J. - Captive Plastics Inc. plans to expand its PET container product line following a technical agreement with P.E.T. Partners BV of Breda, the Netherlands. Captive, based in Piscataway, has focused on small PET containers for applications such as hotel amenities and liquor. The agreement will help it develop containers as large as several liters ``without reinventing the wheel,'' according to John Raymonds, Captive's chairman and chief executive officer.
Captive and P.E.T. Partners will share tool design and development expertise, and help each other market and distribute products in the other firm's geographic markets, Raymonds said. They share some multinational customers and the agreement will allow each to sell products faster.
Raymonds said P.E.T. Partners is about to sell in Europe a container based on a PET/polyethylene naphthalate resin blend. Captive plans to use such technology in North America.
Raymonds said Captive started injection blow molding PET in 1991 and uses the Aoki single-stage process. P.E.T. Partners is also a licensee of the Aoki process. Captive also injection blow molds high density polyethylene, PVC, polypropylene and polycarbonate and next month plans to start extrusion blow molding HDPE.
Captive's sales for the year ended June 30 were $54.8 million, including $40 million from blow molding. It also injection molds closures, and performs decorating, filling and tooling. It has about 70 blow molding machines at plants in Piscata-way and Lopatcong, N.J.; Peosta, Iowa; and Redlands, Calif.
P.E.T. Partners was formed in May by personnel who left Skillpack BV of Etten-Leur, the Netherlands. In mid-October P.E.T. Partners will move to Etten-Leur.