Davis-Standard buys Filmaster assets
PAWCATUCK, CONN.—Filmaster Inc.'s blown film winders, towers, air rings and dies now are part of plastic equipment manufacturer Davis-Standard Corp.
Davis-Standard of Pawcatuck has acquired the assets of Filmaster. Paul Banks, sales manager for the Laboratory and Specialty Systems Group, said Davis-Standard bought only the assets and basic machine designs of Filmaster in Parsippany, N.J., which he said closed down earlier this year. The deal does not include any buildings, he said.
Filmaster's blown-film downstream equipment is designed for laboratory lines and small production. Banks said the size of Filmaster winders fits between the Killion and Egan lines.
Davis-Standard transferred the Filmaster business to the Laboratory and Specialty Systems Group in Cedar Grove, N.J. Terms of the deal were not disclosed.
Filmaster used to supply complete film systems, including extruders. Davis-Standard, already a major extruder manufacturer, will supply spare parts for Filmaster extruders, Banks said.
HPG film & sheet workers renew contract
SOMERSET, N.J. — HPG International Inc. has renegotiated a contract with employees represented by the Oil, Chemical and Atomic Workers International Union.
The Somerset firm said the five-year contract covers 185 employees at its Mountaintop, Pa., plant, which produces calendered flexible films, plastic sheet, roofing materials and geomembranes from polyethylene, polypropylene and PVC. The contract was effective Sept. 23.
Francis Caravella, financial secretary for OCAWIU Local 8788, said terms of the contract are favorable to workers but he declined to provide details. Company officials also would not disclose major terms of the contract. The Mountaintop plant is the only operation covered by Local 8788.
HPG's sales exceeded $90 million last year. The company was formed in 1994 through the acquisition of former Huls America Inc.'s plastic division assets.
Speedy package approval gains funds
WASHINGTON — Congress has agreed to fund a program that will shorten packaging-approval times dramatically, according to officials with the Society of the Plastics Industry Inc.
The House and Senate resolved differences and agreed to spend $500,000 to develop the pre-market notification program in fiscal 1999, which began Oct. 1.
The PMN measure is contained in an agriculture appropriations bill, which was held up by unrelated disputes over aid for farmers. But lawmakers have agreed to include PMN in other spending bills, if needed, said Jerome Heckman, general counsel for Washington-based SPI.
The Food and Drug Administration must write rules for the program, which will start sometime in 2000, a year later than initially expected. Heckman said he would like Congress to fund the program from industry fees, rather than general government revenue.
``I hope there will come a time when the FDA will be allowed to charge reasonable fees for the notification so that we won't have to go through this hell of getting appropriations from Congress every year,'' he said.
Ashland hikes prices for composites
DUBLIN, OHIO — It soon could become more expensive to be a composites fabricator.
The FRP Supply Division of Ashland Chemical Co., the largest distributor of materials for composites manufacturing, announced a 2 cent price increase on all resins it distributes.
The Dublin-based company also announced similar price increases on its entire line of products, including gelcoats, catalysts, fiberglass and other reinforcements.
Increased costs associated with the distribution business —not with the production side — prompted the increase announcement, according to an Ashland news release.
FRP Supply distributes Ashland products as well as those of many other suppliers to the composites industry. The division has about 55 stocking locations in North America, and 300 trucks to serve its more than 10,000 customers.
During late 1996 and 1997, the division went on an acquisition spree, picking up regional distributors in Eastern Canada, Western Canada, Wisconsin and California.