Proprietary molder Mag-Nif Inc. of Mentor, Ohio, resumed full production Nov. 23, nine days after it lost power in a heavy snowfall. Up to 48 inches of snow fell over a four-day period, collapsing the roof of a Mag-Nif assembly facility at about 2 a.m. Nov. 14. The crash drove a protective fence into the firm's electrical transformer, cutting power to the whole complex, including an adjacent molding operation. Mag-Nif rented a generator and resumed partial production Nov. 18, said William Knox Sr., the private firm's chief executive officer. Its utility company hooked it back onto the power grid Nov. 23.
Knox said no employee was injured in the incident. The affected area was vacant at the time, although its molding plant runs three shifts daily. An extrusion line in the assembly area was damaged but it was not scheduled to resume production of oriented plastic gift ribbon until next year.
He estimated damage to the 7,500-square-foot affected area and costs from lost production will total about $1 million, and the firm's insurance should cover the loss. Mag-Nif continued to pay employees temporarily laid off after the accident, according to Knox.
Knox said Mag-Nif's 40-press injection operation in Mentor also has thermoforming equipment, none of which was damaged. Its assembly facility in Ashtabula, Ohio, was not affected by the power outage.
Mag-Nif makes a range of games, toys, novelties and consumer items. It employs up to 450 at peak times to meet Christmas season orders. Knox said its sales are about $30 million to $50 million annually. He established Mag-Nif in 1963 and it continues to be a family business.
Mag-Nif won a patent infringement lawsuit this year after TeleBrands Inc. of Fairfield, N.J., began copying Mag-Nif's Money Wrapper coin device. The cylindrical plastic product sorts coins automatically and deposits them in individual wrappers for different denominations. Knox said the value of the litigation award is more than $1 million and includes tooling, designs and other material TeleBrands was ordered to surrender to Mag-Nif. A restraining order prevents TeleBrands from making or selling such coin sorters.