Intertape acquiring Rexford Paper assets
MONTREAL — Intertape Polymer Group Inc., a major producer of pressure-sensitive tapes, plans to expand into the distribution side of the business.
Intertape of Montreal said Sept. 30 that it agreed to buy the Rexford Paper Co. division of Inland Paperboard and Packaging Inc. of Indianapolis. It did not disclose terms.
Rexford Paper is a redistributor of pressure-sensitive tapes and a producer of water-activated tapes. It sells the products to industrial distributors through a network of warehouses in the United States. Its sales are about US$15 million per year.
Inland produces corrugated and other wood-based fiber packaging.
Unique Fabricating unde new ownership
ROCHESTER HILLS, MICH. — The new owners of Unique Fabricating Inc. plan to invest in more equipment and research and development.
Unique Fabricating, based in Rochester Hills, die-cuts and fabricates purchased foam plastics and rubber into seals and noise- control systems for automotive and industrial applications. In late August, it was acquired by Unique Acquisition Corp., a company controlled by Westfield Capital Corp. of Greenwich, Conn., and Unique Fabricating President Douglas Stahl.
The influx of capital will help Unique Fabricating's long-range growth plans, Herbert Ogden, Westfield Capital owner, president and chief executive officer, said in a telephone interview. He did not disclose the amount of investment or equipment details.
Unique Fabricating has six plants in the Detroit area and one in Lafayette, Ga. It employs 360. Ogden is the new chairman of Unique Fabricating and chairman of other unrelated companies, including Southland Technologies Inc., a Virginia Beach, Va., producer of power train components from silicones and rubbers.
Ogden said the Wilms family decided to sell the company because Gerald Wilms, who founded the firm in 1975, decided to retire. One of his sons, Todd Wilms, remains with the company as advanced quality planning coordinator.
Japan firms reusing plastics in electronics
TOKYO — Reuse of plastics in electronics units is growing in Japan.
Kobe Steel Ltd. said Sept. 28 that it has found a practical sandwich technique to apply virgin resin to a core of recovered plastic. The process works in a variety of molding machines and allows more recycled material to be used than do some other methods.
Kobe of Tokyo is working with Kyowa Kogyo, a die maker in Niigata prefecture, to market the technology to makers of office machines, home electronics and toiletry products.
The Japan unit of International Business Machines Corp. is beginning to offer two all-in-one models of its PC710 personal computer line. The models have bodies made of plastic that is being recycled from older IBM PCs. The corporate market is targeted.
Recycled content accounts for about 20 percent of the total amount of plastic.
IBM expects that almost all of the new PCs will be suitable for further recycling. IBM planned to make the models available beginning Sept. 30.
Later in 1997, Fujitsu Ltd. of Tokyo plans to sell PCs with recycled plastics in parts not often seen by the end user.
Fujitsu will use about 20 percent recycled content in the parts and obtain the material from five Japan centers processing obsolete and discarded models. Aesthetics can suffer from the mix of materials so it will be withheld from the most visible parts.
Fujitsu did not announce which products will use the material.