Discas buying custom molder Futuramik
WATERBURY, CONN. — Injection molder and compounder Discas Inc. has signed a letter of intent to purchase custom molder Futuramik Industries of Hartford, Conn.
Discas, based in Waterbury, said the purchase roughly will double its annual sales of $7 million, and give the company a much stronger base in custom molding. Terms were not disclosed.
Futuramik has about 60 injection, transfer and compression molding machines, but most of its equipment is for injection molding, said Stephen DePaolo, Discas vice president of operations. Futuramik also has some proprietary products and works in the electrical, military, consumer and industrial markets.
With plants in Connecticut and New Jersey, Discas does molding and compounds both virgin and recycled material, primarily from post-industrial streams.
Essef acquires Rainbow for $25 million
CHARDON, OHIO — Essef Corp. has acquired Rainbow Lifegard Inc., Rainbow Molding Inc. and Kencar Inc. — collectively known as Rainbow — for about $25 million.
Rainbow, based in El Monte, Calif., has one injection molding plant and two assembly facilities in California, said Mark Brody, Essef vice president of finance. Rainbow had sales of about $25 million for the fiscal year ended Jan. 31. It makes accessories for pools, spas and aquariums, including chlorinators, skimmers, brushes and cartridge filters.
The acquisition continues Essef's efforts to consolidate the swimming pool and spa equipment industry, Thomas B. Waldin, Essef president and chief executive officer, said in a news release.
Essef of Chardon manufactures fiberglass-reinforced pressure vessels and supplies swimming pool equipment such as filters, pumps, heaters, controls and valves.
Klockner opening film plant in Brazil
GORDONSVILLE, VA. — Klockner Pentaplast of America Inc. plans to open its first South American plant, Klockner Pentaplast do Brasil Ltda., to manufacture the company's line of rigid films.
The firm is procuring land in SÃo Paulo state for the plant. Construction will begin as soon as possible, a spokeswoman said.
Gordonsville Klockner has been selling film in Latin America since 1981. The plant will cut lead times for Klockner customers and reduce difficulties related to importing and currency fluctuations, Klockner President Harry van Beek said in a news release.
The spokeswoman was unable to disclose details such as planned cost or size of the plant, number of manufacturing lines or number of employees.
Gordonsville-based Klockner's product line includes vinyl, polyester, coated and laminated rigid films.
H-P alleges Xerox patent infringement
PALO ALTO, CALIF. — Xerox's expansion into market-dominant Hewlett-Packard Co.'s LaserJet printer cartridge business is leading to a U.S. District Court jury trial in San Francisco next year.
The showdown is coming after a judge on July 15 refused to block Xerox Corp. from selling refurbished plastic printer cartridges that H-P claims violate its trademark.
``Customers and analysts are telling us [that Xerox is using] recovered H-P cartridge casings and reconditioning them with new or used parts and reselling [them] under the Xerox name,'' Doug Cole, an H-P spokesman, said in a telephone interview.
The packaging has 23 H-P trademarks and eight of Xerox's, and may confuse consumers about the product's origin, he said.
H-P of Palo Alto, Calif., filed suit Sept. 30, charging Xerox of Stamford, Conn., with infringement of H-P trademarks in remanufacturing toner cartridges that fit into H-P LaserJet printers.
Drum maker Russell-Stanley nabs NEC
RED BANK, N.J. — Plastic drum manufacturer and recycler Russell-Stanley Corp. continues its march along the acquisition path.
The Red Bank company announced July 23 it has acquired New England Container of Smithfield, R.I., which distributes, reconditions and recycles steel, plastic and composite storage drums. Terms were not disclosed.
Russell-Stanley primarily is interested in NEC's steel operations, according to a news release, but a company spokeswoman said ``a portion'' of NEC's business involves plastics.
Russell-Stanley, which also makes and distributes steel drums, reports about $300 million in annual sales. It also reported 1996 plastic-related sales of $70.5 million in Plastics News' latest survey of blow molders.