CHICAGO — Power Plastics Inc., an extruder and converter of bags that has exceeded its capacity, announced at Pack Expo that it is looking to acquire a facility in the Southeast in the near future. ``We're out of room and we need to expand,'' said President Steve Gurgold. ``We're constantly adding machinery and business.''
The firm, which has 20 extruders and 10 bag machines, would like to have a new facility and room for converting and printing processes within six months.
Power Plastics, along with Spartanburg, S.C.-based North American Film Corp. and Tiffany Extruders of Paterson, N.J., are owned by the same four people. Together the firms employ 150 and have sales of about $50 million.
Power Plastics extrudes low and linear low density polyethylene and converts polypropylene, high density PE, LLDPE and LDPE. The company makes bags for retail, mail order, frozen food and other uses.
``There probably isn't a kind of plastic bag we don't convert,'' Gurgold added.
North American Film Corp. is an extruder and converter for the dry cleaning industry and Tiffany serves the garment and merchandise bag markets. Tiffany Extruders and North American were listed together in Plastics News' Sept. 16 ranking of film and sheet manufacturers listing. The companies reported estimated sales of $46 million for the year ended Sept. 30 and ranked 80th.