Brief strike ends at Rollex siding plant
ELK GROVE VILLAGE, ILL. — A federal mediator helped bring members of Teamsters Local 727 and officials at Rollex Corp. in Elk Grove Village to an agreement last week, ending a brief work stoppage at the plant.
General Manager Bob Hettinger said negotiations began when the previous contract with the union expired Nov. 1.
Both sides negotiated a new contract that offered an approximate on-average wage increase of 4 percent per year for three years, he said. But union members surprised officials on both sides by voting it down Nov. 3 and walking out.
Hettinger said the contract then went to mediation Nov. 6.
``The mediator helped add credence and reality to what the economic conditions are in the U.S.,'' Hettinger said, adding that both sides then proceeded to ``bargain in good faith.''
A new contract went before the voting union members last weekend and was approved. Workers returned to the plant Nov. 9, Hettinger said.
Hettinger declined to give specific details of the final settlement, but said the wage increase was ``slightly higher'' than the original 4 percent offered.
Hettinger said the work stoppage did not affect the company's business. During the walkout, salaried employees and supervisors operated the plant and shipping.
Mohawk buys PET recycling, carpet firm
CALHOUN, GA. — Mohawk Industries Inc. intends to buy Image Industries Inc., one of the largest PET recyclers and carpet manufacturers in North America.
Maxim Group Inc. will sell Summerville, Ga.-based Image for about $210 million in cash. Calhoun-based Mohawk also will assume Image's obligations and liabilities.
Image reported annual sales of about $190 million. The company extrudes polyester fiber from post-consumer PET bottles. The company also sells post-consumer PET flake and pellets to plastics processors.
The deal is scheduled to close in January. Mohawk plans to keep all of Image's operations and no restructuring is planned.
``The acquisition of Image will make Mohawk one of the top manufacturers of polyester residential carpet with state-of-the-art recycling and production technology, filling a market niche in which Mohawk does not currently have a strong presence,'' Mohawk Chairman and Chief Executive Officer, David Kolb, said in a news release.
Rotonics adds Terrabella product line
GARDENA, CALIF. — Rotonics Manufacturing Inc. boosted its line of rotationally molded garden products by acquiring Terrabella Products Inc. on Nov. 11.
Terrabella, which is based in West Lake Village, Calif., develops and markets planters and water fountains that resemble terra cotta. It sells the competitively priced products mainly to mass merchandisers. An undisclosed rotomolder has been making the planters for Terrabella but Rotonics will transfer production to its Gardena head office plant.
Rotonics plans to expand the Terrabella line to include planters with stone-crafted and granite finishes. Rotonics said in a news release that Terrabella products complement its RMI Terrace products sold to architectural and design industries. Rotonics will sell its lawn and garden products under the Terrabella name.
Rotonics had rotomolding sales of $50 million last year, making it the fifth-largest rotomolder in North America, according to a recent Plastics News survey. It operates 10 plants and about 50 rotomolding lines.
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