TORONTO - Samuel Manu-Tech Inc. of Toronto became a plastic strapping producer by acquiring on Feb. 1 the Wilton Packaging Products division of privately held Wilton Corp. of Palatine, Ill. Wilton Packaging extrudes polypropylene strapping at Winchester, Tenn., and also extrudes PP detergent box handles there, according to the plant's general manager, Claude Hunt. He did not disclose extrusion capacity for the operation, which uses equipment from Italian, U.S. and Japanese suppliers.
Samuel executive vice president and chief financial officer Wallace Rayner said his firm also plans to make PET strapping in the United States and will decide on a location later this year. Rayner said Samuel is likely to buy its equipment from Sima of Italy. Samuel has been in the market by reselling PP and PET strapping sourced from a variety of producers, including Strapex (Canada) Inc. of Cobourg, Ontario.
Rayner said use of plastic strapping is growing and his firm wants to have its own production facilities. Samuel also makes and supplies steel strapping from facilities in Mississauga, Ontario; Columbus, Ohio; Rock Hill, S.C.; Longview, Texas; and Detroit.
Rayner did not disclose terms of the Wilton Packaging purchase. Samuel's sales for nine months ended Sept. 30 were C$301 million (US$219.7 million) and profit was C$19.7 million (US$14.4 million). The public firm trades on the Toronto Stock Exchange.