ONEIDA, N.Y. - Oneida Rostone Corp. agreed to acquire Quality Molded Products Inc., a Siler City, N.C., injection molder. If the deal succeeds, Quality Molded will be Oneida's second plastics purchase this year. In February, the Oneida-based injection molder bought Rostone Corp. of Lafayette, Ind.
Oneida's public parent, Reunion Industries Inc., announced Sept. 20 the nonbinding agreement with Quality Molded.
Richard Evans, Reunion chief financial officer, said that like Oneida, privately held Quality Molded injection molds plastic products mainly for original equipment makers, in markets that include business machines and consumer goods. Quality Molded spokeswoman Dana Coward would not disclose information about her company.
Both she and Evans said their firms are under agreement not to release terms or details regarding the pending transaction.
In 1995 Oneida's injection molding sales were about $37 million; Rostone's were $26 million for injection, compression and transfer molding. Together they employ about 750.
As part of its long-term strategy, Reunion has invested about $3 million in new equipment for both divisions, and for Three Rivers Tool Co., its Phoenix, N.Y., mold-making unit.
FRANKLIN, IND. - A painting contractor's employee died after a 50-foot fall Sept. 20 inside a Johnson Controls Inc. plastics storage silo.
JCI spokesman Glen Ponczak said Timothy David Forrester, 28, wore a harness while suspended by a steel cable in one of two PET pellet storage silos at the bottle preform manufacturing plant in Franklin. He also wore a nylon safety line, said Saddie Foley, co-owner of Foley Construction Co. of Morgantown, Ind.
Apparently, Forrester's primary harness either broke or slipped loose, Foley said.
David Schneider, assistant Franklin police chief, said fire officials determined the nylon safety line was 6 feet longer than the silo's height.
Ken Zeller, Indiana labor commissioner, said in a telephone interview from Indianapolis that the state is investigating the death. No results have been released publicly.
RIDGEFIELD, N.J. - PureTec Corp. has shut down an unprofitable recycling facility while at the same time planning to open a new plant in West Virginia in 1997.
The Ridgefield-based company expects to take a one-time write-off of about $4.8 million in the fourth quarter of fiscal year 1996, primarily in relation to the shutdown of its unprofitable recycling operations.
PureTec closed a recycling facility in Springfield, Mass., in August and is reviewing the status of four other recycling plants in Michigan and one in Maine. PureTec's most-efficient recycling facility, in East Farmingdale, N.Y., is likely to remain open, said William Walkowiak, PureTec's director of investor relations.
``There are problem areas in our recycling business, and we're trying to solve them,'' Walkowiak said. ``Rather than continue to bleed, we're taking some action to solve the problem.''
RESEARCH TRIANGLE PARK, N.C. - Reichhold Chemicals Inc. announced Sept. 25 it plans to increase prices for unsaturated polyester products.
Reichhold of Research Triangle Park said prices will increase 3 cents per pound, effective Oct. 15. This increase is based on a general tightening of supply on key raw materials due to strong demand in the overall marketplace, the company said.
Other top UP suppliers Alpha/Owens Corning of Collierville, Tenn., and Ashland Chemical Co. of Columbus, Ohio, said they are evaluating prices for their products.
In September, one UP supplier was hit with a 3-cent-per- pound increase in styrene and faces a 5-cent increase for propylene glycol in October. That same supplier also said his firm anticipates price increases for ethylene and diethylene glycols.
Operational problems and outages at major styrene mon-omer facilities account for the tightness in the U.S. styrene market. Amoco Chemical Co., Dow Chemical Co. and Shell Canada all had problems or took turnarounds toward the end of the second quarter.