Unipoly Industrials sells 2 British units
WINCHESTER, ENGLAND — Unipoly Industrials BV, the composites division of Unipoly SA, has sold two British businesses, Permali R.P. Ltd. and Permali Gloucester Ltd. to separate management buyout teams.
The teams paid a total of more than £6 million ($10 million) for the two units, according to Unipoly officials.
Unipoly, based in Winchester, was formed last year through the management buyout of BTR plc's polymer products group.
Permali R.P. Ltd. and Permali Gloucester share a site in Gloucester, England. Permali R.P. designs and manufactures compressed-molded fiberglass-reinforced plastic products, including moldings for automotive, materials-handling vehicles, water-storage tanks and boats. The unit employs 193.
Buyers of Permali R.P. include development manager Richard Cole, British bank Barclays Bank plc and investment capital firm Barclays Ventures Ltd.
Permali Gloucester Ltd., which employs 92, designs and makes thermoset composite products, such as electrical insulators and aircraft-baggage bay linings.
The unit was acquired by a management team led by its managing director, Gus King.
Unipoly Chief Executive Officer Laurie Cant said the two companies being sold are noncore businesses for Unipoly. Cant stressed that Unipoly intends to concentrate on its core sealing systems, conveyor-belt and fluid-handling sectors.
The disposals leave Unipoly Industrials with several rubber product businesses in Britain and Switzerland.
Cinran changes name to primary Packaging
LONDON, ONTARIO — Cinran Packaging changed its name to Primary Packaging Inc. on Sept. 1.
``We wanted to update our name and change our focus,'' said Don Lowry, president of the London-based extruder, printer and converter.
The company recently purchased the assets of Cinran Plastics Inc., a company that had operated in the area for 30 years but went bankrupt in October. Primary Packaging occupies 55,000 square feet, has 80 employees and targets the horticultural, agricultural, food and industrial film businesses.
Its printing capabilities allow it to print one to six colors. It has eight extruders with in-line printing, plus other equipment to convert polyethylene film.
Graham Packaging has become a member of the National Association for PET Container Resources. NAPCOR of Charlotte, N.C., promotes the use and recycling of PET plastic.
Graham Packaging of York, Pa., makes custom blow molded PET plastic bottles. Graham also blow molds high density polyethylene, polypropylene and PVC containers and has silk-screening and decorating capabilities. Graham operates 47 plants in 10 countries.