TORONTO - Agra Industries Ltd. has agreed to sell its bottle blow molding operation in Missis-sauga, Ontario, to an undisclosed firm. Agra Plastics Inc. has 22 blow molding machines using polyethylene, PET, polypropylene and PVC to make bottles for water, food, personal-care items, pharmaceuticals and household chemicals. It reported 1995 sales of $10.2 million.
Agra Industries wants to focus on its core business of engineering and construction, said David Paterson, vice president of corporate affairs. Agra will get ``good value'' for the sale of the bottle business, he added. Mississauga-based Agra Industries is doing due diligence on the planned sale.
Agra Industries also is getting out of recycling and will close its Edmonton, Alberta, PET bottle recycling and sheet extrusion facility at the end of June. Paterson said Edmonton recycled PET bottles from Alberta soft drink companies, turned it into sheet and sold it on the market. The Edmonton operation has annual sales of about C$7 million (US$5.1 million). The soft drink firms will continue the recycling program some other way, according to Paterson. Soft drink officials could not be reached for comment at deadline.
Agra Plastics entered PET bottles in early 1994 and doubled its number of blow molding ma-chines when it purchased Kantrail Plastics Inc. of Toronto.
Canada's largest PET bottle blow molder, Twinpak Inc. of Montreal, is not buying the Agra Plastics operation, Twinpak Presi-dent James Allen said in a telephone interview.
Agra Industries also said June 19 that it will sell its Contain-A-Way Inc. recycling business in Corona, Calif., which operates under the name 20/20 Recycling, to Continental Recycling Inc. of Dallas.