Alloyd boosts thermoforming operations
DE KALB, ILL. — In another expansion, Alloyd Co. Inc. expects to begin operations this summer at a new, 50,000-square-foot thermoforming facility in Eupora, Miss.
Alloyd is extending market coverage for its thin-gauge, custom thermoforming capability, hiring about 100 and installing 12 of the company's thermoforming machines. Alloyd specializes in consumer hard goods and medical tray packaging.
Alloyd has other thermoforming and distribution facilities in De Kalb; Spartanburg, S.C.; Branford, Conn.; Fontana, Calif.; and, since September, Juncos, Puerto Rico.
De Kalb-based Alloyd placed 14th in Plastics News' 1998 thermoformers ranking, with $65 million in thermoforming sales. Companywide sales of $80 million include Alloyd's packaging equipment line.
Bradley expands packaging operations
COLUMBUS, OHIO — Foam packaging manufacturer B.B. Bradley Co. has invested nearly $2 million in acquiring a new facility and equipment in Columbus.
The expanded operation employs eight. The firm moved March 27 from an 8,000-square-foot location in Columbus to the new site, which has more than 25,000 square feet of manufacturing space.
B.B. Bradley employs 35 at its headquarters in Painesville, Ohio.
Founded in 1977, the firm fabricates products using polyethylene, polyurethane, expanded polystyrene and cross-linked PE foams for automotive, medical, electronic, metal finishing and aerospace applications.
Multiplastics buys 2nd facility in S.C.
MOUNT PLEASANT, S.C. — Multiplastics is expanding thermoforming operations at its Mount Pleasant operation.
The division of Curd Enterprises Inc. bought an 85,000-square-foot facility near its existing plant in late March, boosting total space to 143,000 square feet. By the end of the year it will buy a new four-station, twin-sheet thermoformer and more five-axis trimming machines, according to sales coordinator Lola Carere.
She did not reveal the cost of the expansion. Mount Pleasant now has six thermoforming lines.
Multiplastics will move much of its equipment into the second plant by August. Carere said her firm's sales are growing, especially in transportation and food-service markets.
The privately held firm has a proprietary line of buoys and specialty advertising items, but about 60 percent of its business is custom work for medical, automotive and food-service sectors. Its sales for the year ended July 30 were $6.1 million. Multiplastics received ISO 9001 certification a year ago.
Becton Dickinson upgrades N.C. plant
DURHAM, N.C. — Medical device manufacturer Becton Dickinson and Co. recently completed a $5 million upgrade of its Durham facility and moved some plastic production there from South Carolina.
The company will be able to make plastic petri dishes, plates and bottles at Durham, while the Sumter, S.C., plant will make blood tubes and blood collection needles, said Richard Burke, manager of the Durham facility.
Burke said the $5 million was spent retrofitting the North Carolina plant. He declined to describe the injection molding capabilities of the facility.
The company moved some operations from South Carolina to consolidate its labware operations in Durham, he said.
Triam denies advising shareholders on bid
CONCORD, ONTARIO — A Triam Automotive Inc. official denied published reports that said her firm's board of directors is advising shareholders not to accept Magna International Inc.'s bid for Triam.
Triam's board issued a circular advising shareholders not to tender their shares until they receive further communication from the board, said Yvonne Hall, Triam vice president of finance. The board will send out a communication by May 5 at the latest, Hall said from her firm's Concord headquarters.
Triam's board hired RBC Dominion Securities Inc. of Toronto to evaluate Magna's offer and to see if it could attract a better one. Hall said the board cannot advise shareholders until RBC Dominion has finished its evaluation. In an April 23 telephone interview, Hall claimed no other serious offers had been made by other companies. Magna's offer is worth about C$77 million (US$53.9 million).