HPG International Inc. plans to move a recently acquired vinyl calendering operation to its Mountaintop, Pa., plant in about a year.
HPG bought Kalex Chemical Products Inc. of Brooklyn, N.Y., for undisclosed terms Nov. 1. Kalex can calender 22 million pounds a year of vinyl film for pressure-sensitive labels and decals, wallcoverings, wallboard, window shades and general-purpose laminations. Its 1996 sales exceeded $20 million, HPG said in a news release.
HPG will modernize one of its two lines in Mountain Top and relocate the Brooklyn plant's single calendering line there, said Gerald Donnelly, president and chief executive officer of Penn Kalex Polymers Inc., the new name of the acquired business. Donnelly was chief operating officer of Kalex Chemical. HPG President and CEO John Dellevigne now is chairman of Penn Kalex.
The Mountaintop modernization, which includes a new winder, drives, blending system and post-calender train, and overhauling of rolls, will cost more than $2 million, Dellevigne said by telephone.
Kalex Chemical's markets will be new for HPG, Donnelly said. The firm's former owner, Alex Kaufman, decided to sell the business ``to redeploy assets,'' Donnelly said. Kaufman also owns Hatco Corp., a chemical firm in Fords, N.J.
HPG calenders and extrudes PVC and polyolefin film and sheet for industrial, construction, environmental, medical, graphic arts and other markets. It had film and sheet sales of $95 million.