Winpak acquires Quebec packaging firm
WINNIPEG, MANITOBA — Winpak Ltd. expanded its consumer packaging components business Nov. 3 by completing the acquisition of Heat Seal Packaging Inc. of Vaudreuil, Quebec.
Heat Seal makes heat-sealable membranes and die-cut lids for dairy, food, beverage and pharmaceutical markets. It does extrusion coating and laminating and buys coextruded plastic film, aluminum foil and other materials for converting.
J. Craig Sharp, Winpak vice president of finance, said the deal complements Winpak's Portion Packaging business of single-serve, sanitary food containers. He expects Heat Seal initially to add C$15 million (US$10.8 million) per year in sales to Winpak's total. Winnipeg-based Winpak plans to expand at Vaudreuil by investing in lamination and printing equipment, Sharp said.
Heat Seal President Ivonis Mazzarolo expects to remain the company's head. Officials did not disclose the deal's terms.
Niagara Plastics expanding Erie plant
ERIE, PA. — Niagara Plastics Co. is spending $6.3 million to expand and purchase new equipment for its Erie injection molding plant.
Pennsylvania's Department of Community and Economic Development has approved $4.9 million in tax-exempt bond financing for the 65,000-square-foot expansion project.
Niagara injection molds various products for industrial and consumer markets, including caps, plugs, closures and protectors, in more than 120,000 square feet in Erie. It employs 135.
Daniel Healy, Niagara's plant engineer, declined to provide more specific details relating to the plant's operation and expansion project, but did say Niagara will install ``state-of-the-art injection molding equipment.''
The firm operates 24 hours a day, rotating four shifts seven days a week, according to Healy. He said the plant, which recently received ISO 9001 and QS 9000 registration, began operating in 1953. Niagara operates a second facility of about 50,000 square feet in Cresson, Pa., which employs about 50, Healy said.
He declined to provide sales figures for the privately held business.
Injection molder to double plant size
VANCOUVER, WASH. — C-Tech Plastics Inc., a diversified custom injection molder, is doubling its plant size, adding new presses and looking to hire six to eight more workers in the next fiscal quarter.
The company will invest $450,000 in a 12,000-square-foot addition to its Vancouver facility, according to Steve Cartier, president.
``We've had pretty substantial growth in 1997,'' Cartier said Nov. 5.
The building addition is scheduled to be completed Dec. 15, according to Cartier. He said the first of three new Van Dorn Demag machines will be installed by the end of the year. The 400-ton press will be joined later by 50- and 100-ton models. The new equipment will bring C-Tech's total press count to 13, with clamping forces of 25-400 tons — all Van Dorns.
Cartier said the company also is adding equipment to expand in hot stamping and pad printing. The firm's diversification ``has helped us,'' said Cartier, who projected sales through the end of this year will be more than triple 1996's reported $2.1 million.
C-Tech, which serves a variety of markets, including recreation, employs 34.
Plastikos to add new presses, nine jobs
ERIE, PA. — Injection molder Plastikos Inc. plans to build a 30,000-square-foot addition and add new presses and nine jobs at its Erie plant.
The company is to receive $2.2 million in tax-exempt bond financing for the project from Pennsylvania's Commerce Department. Plastikos primarily serves the electronics market, but also molds parts for the medical and precision component industries.
``We've grown out of our space,'' said David Mead, who owns Plastikos with partners Timothy Katen, Gary McConnell and William Fogleboch.
The addition will give the company production space of about 45,000 square feet, according to Mead. He said the firm currently operates 11 Van Dorn Demag presses with clamping forces of 50-100 tons. The firm plans to buy four more Van Dorns, Mead said. The privately held company employs 35. Mead declined to disclose annual sales.