Rexam plc of London has bought lipstick tube injection molder Mark Industries Inc. of Torrington, Conn., and made it its North American subsidiary for cosmetic packaging. Rexam paid about $41 million for Mark, a private company that had sales of about $45 million last year, according to Jim Black, the new president for the Torrington business, which was renamed Rexam Cosmetic Packaging Inc.
Black was appointed president of the Torrington operation Jan. 2, when Rexam completed the purchase of Mark.
Black formerly was president and general manager for Shore Reboul Packaging Inc., a Freeport, N.Y., cosmetic packaging molder acquired by Rexam in 1992.
He said Rexam closed Shore Reboul in December because it was outdated and not strategic.
Rexam's major cosmetic packaging operation is in France. It also produces cosmetic packaging in Germany and England.
Former Mark Industries President Thomas St. Pierre will continue to act as consultant to Rexam Cosmetic. He declined comment on the deal.
The Torrington operation has two plants and about 400 employees.
Rexam may expand one of the plants to improve process flow, and will keep both plants running, said Frank Brown, vice president of Rexam Inc., Rexam's U.S. subsidiary based in Charlotte, N.C.
Rexam's plastic film plant in Lakeville, Minn., and sheet plant in Appleton, Wis., had total sales of $85 million in 1994, according to Plastics News' 1995 ranking of film & sheet manufacturers. Brown said Rexam's North American plastics operations include container and closures operations in Canada, Missouri, Illinois and Indiana.
Other North American opera-tions owned by Rexam make folding cartons, engineered building components, and coated products for graphic, medical and electronics industries.
Publicly traded Rexam plc had sales of about $3.6 billion in 1994.
The company's businesses include packaging, building supplies, beverage containers, books, lottery tickets, business forms, window frames and metal products.
Mark started operating as a custom molding firm 30 years ago, according to a report in The Hartford Courant in Connecticut. The company developed a proprietary line of lipstick containers that became its major business.