Trimax equipment, technology for sale
RONKONKOMA, N.Y. — Trimax of Long Island Inc., a plastic lumber manufacturer, has filed for protection under Chapter 11 of the U.S. Bankruptcy Code and is for sale.
The Ronkonkoma firm's equipment and technology are for sale. Polymerix, Trimax's parent, owns two patents for the high density polyethylene and fiberglass lumber extrusion process.
Last summer, U.S. Plastic Lumber Corp. of Boca Raton, Fla., was in talks to buy Trimax, but the negotiations failed, said Ted Berkowitz, a lawyer for Trimax.
According to U.S. Bankruptcy Court in New York, Trimax has 27 claims filed against it totaling more than $636,000. The firm had filed Chapter 11 in 1992; that case closed in September 1996.
Trimax employs 23 and operates two extrusion lines. Bid packages will be sent to prospective purchasers this week.
Graham files suit against Schmalbach
YORK, PA. — Two major blow molders are squaring off in court over competing patent claims for hot-fill PET bottles. One of the disputes relates to the new quick-grip bottle for Pepsi-Cola Co.
Graham Packaging Co. of York filed a complaint March 6 against Schmalbach-Lubeca Plastic Containers USA Inc. in U.S. District Court in Wilmington, Del. That suit alleges infringement on a patent for a PET hot-fill container.
Schmalbach-Lubeca and its parent, Schmalbach-Lubeca AG, had filed similar claims Feb. 10 against Graham in U.S. District Court in Los Angeles.
The claims are a continuation of litigation first filed in 1995 against Graham by Schmalbach-Lubeca's previous owner, Johnson Controls Inc. That suit accused Graham of infringement of several patents and theft of trade secrets relating to PET hot-fill technology.
Schmalbach-Lubeca of Manchester, Mich., ranked second in Plastics News' 1997 North American blow molders ranking, with estimated sales of $695.1 million. Graham ranked fifth with estimated sales of $515 million.
Perols moving to bigger Texas facility
FORT WORTH, TEXAS — Perlos Inc., the U.S. subsidiary of Finland's Perlos Oy, is doubling the size of its Texas injection molding and assembly operation by relocating to a new, leased 80,000-square-foot building in a Fort Worth business park.
Perlos President Matti Jaasalo said the move is scheduled to be complete in May. The firm is presently in the same business park.
Perlos makes exterior parts for cellular telephones. Jaasalo said the market is growing in the United States, which is spurring the firm's growth.
Perlos employs 120 at the Texas site, but expects that number to increase to 150 by the end of 1998.
The Fort Worth unit has annual sales of about $25 million. In addition to the U.S. plant, Perlos Oy of Nurmijarvi, Finland, has nine plants in Finland and one in England, Jaasalo said.
The company employs 1,400 worldwide and expects 1998 sales of nearly $200 million, he said. The firm serves the automotive and medical markets, as well as telecommunications.
Brunswick acquires British manufacturer
BRUNSWICK, MAINE — Reinforcement fabric maker Brunswick Technologies Inc. has acquired an English firm as a base for technology transfer and continued market expansion into Europe.
The Brunswick-based company said March 11 it bought the business and assets of Tech Textiles International Ltd. for about $5.9 million in cash.
Tech Textiles of Andover, England, employs 24 and has annual sales exceeding $6 million. The firm makes glass, carbon and other high-modulus reinforcements, largely for aerospace, automotive and wind-generation applications.
Brunswick acquired Tech Textiles through a new British subsidiary, Brunswick Technologies Europe Ltd.
Brunswick Technologies Inc. reported profit of $1.2 million on sales of $23 million for the nine months ended Sept. 30 and profit of $393,000 on sales of $13.4 million for the same 1996 period.
The company received $13.7 million in proceeds from a February 1997 initial public offering of common stock, traded on Nasdaq. The proceeds helped Brunswick repay debt and transactional expenses.
PN adjusts prices for PET bottle resin
AKRON, OHIO — Prices for PET bottle resin are being corrected on this week's Plastics News resin pricing chart to give a more accurate reflection of invoice prices. The correction does not reflect an actual change in market prices.
A 3 cent-per-pound price increase announced earlier in the year failed to take hold, although early reports from small to midsize buyers indicated it would go through. Plastics News had reported the increase based on those early reports.
Several PET makers, including Eastman Chemical Co. of Kingsport, Tenn., and Wellman Inc. of Shrewsbury, N.J., have announced 3 cent price increase attempts effective April 1.