CLEVELAND - InteSys Technologies Inc. has signed a definitive agreement to buy the injection molding operations of Cimco Inc. from M.A. Hanna Co. Terms of the agreement, which is scheduled to close by the end of the month, were not disclosed. InteSys, based in Gilbert, Ariz., had sales of $126 million in 1995. The firm offers tool building, injection molding, decorating and contract assembly. Cimco's molding operations include plants in Costa Mesa, Calif., and Dayton, Nev.
``The molding operations of Cimco offer us an expanded customer and geographic base,'' Gregory W. Layne, InteSys president and chief executive officer, said in a news release.
Hanna, the Cleveland-based compounder and resin distributor, bought Cimco in January with a plan to keep its compounding operation and sell the molding unit. Russell T. Gilbert, Cimco's founder, has a multimillion-dollar lawsuit pending against Hanna over his failed attempt to repurchase the molding division from Hanna.
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Primex Plastics expanding sheet plant
RICHMOND, IND.-Primex Plastics Corp. is doubling the size of its plastic sheet plant in Oakwood, Ga.
The Richmond-based firm will finance the expansion through $8.5 million in industrial development revenue bonds, according to a Primex news release.
Primex plans to add up to 150,000 square feet at the Oakwood site, said Cullen Larson, vice president of economic development for the Greater Hall (County) Chamber of Commerce in Gainesville, Ga. The plant will add an undisclosed number of extrusion lines to serve the Southeast market's needs for polystyrene, polyethylene, polypropylene, PET and ABS sheet.
Mike Cramer, vice president of manufacturing, would not disclose the plant's current capacity, or how many workers it will need once the expansion is completed. At present, it employs about 140, Larson said by telephone June 13.
Last year Primex placed third in Plastics News' ranking of top sheet manufacturers in North America, with sales of $197.4 million. The company employs 1,000 at four plants, in Richmond; Oakwood; Garfield, N.J.; and Mesquite, Nev. Together they process about 278.2 million pounds of plastics per year.
Calif. Senate shelves environmental bill
SACRAMENTO, CALIF. - A business-backed environmental audit bill in California failed a test in the Senate Judiciary Committee on June 11.
``The concept of resurrecting privilege is dead for '96,'' said Karen Lindh, policy director for energy and environmental quality for the California Manufacturers Association in Sacramento.
Senate Bill 1432 was shelved on a 5-4 vote after two hours of debate. The bill aimed to encourage corporations to conduct voluntary environmental audit reports that were privileged and inadmissible to discovery in a civil or administrative hearing. Without the protection, companies fear that regulators or litigants can use the internal reports for their own purposes.
Sen. Charles Calderon, D-Whittier, sponsored the bill. Supporters included the CMA and eight trade organizations including the American Plastics Council, Chemical Industry Council of California and Western States Petroleum Association.
Opponents said the bill would encourage companies to bundle data and label it as privileged information.
Eagle-Picher to get Polynorm technology
GRABILL, IND. - Eagle-Picher Industries Inc.'s Plastics Division will gain access to glass-mat thermoplastics technology through a partnership it formed with Polynorm Roosendaal BV of Roosendaal, the Netherlands, on June 1.
The agreement will help Eagle-Picher develop automotive and nonautomotive applications for GMT technology in North America, said Jim Grzelak, sales engineer for the plastics division based in Grabill. It complements the plastics division's core business of thermoset sheet molded composites.
The two firms jointly will design, market and engineer products in Inkster, Mich., and in Roosendaal. Polynorm's products in Europe include GMT auto grille openings, seat components and noise shields for several European auto companies. It has no plastic operation in North America. It is an operating unit of Polynorm Group of Bunschoten, the Netherlands.