Ensley purchases recycler of HDPE, PP
NORTH CANTON, OHIO — Ensley Corp. of North Canton has acquired Polymer Resource Group Inc., a recycler of post-consumer high density polyethylene and polypropylene.
Terms of the transaction were not disclosed.
With Ensley's HDPE and high-molecular-weight HDPE recycling plant in Reidsville, N.C., the firm now has capacity to process 25 million pounds of HDPE.
Polymer Resource Group is a 7-year-old company based in Baltimore. It employs 29 and has capacity of about 14 million pounds per year, said President Matthew Collier. After sorting, granulating, washing and repelletizing the material, Polymer Resource sells the HDPE and PP to nonfood bottle and automotive applications.
Ensley President Dwight Ensley said in a news release that Polymer Resource has superior cleaning and washing technology for producing high-quality, natural-color post-consumer resin.
``This natural recycled resin will complement our black and mixed-color resins produced in our North Carolina plant,'' he said.
Polymer Resource estimated its 1997 sales at $10 million while Ensley reported $5 million in sales for that year, according to Plastics News' 1998 ranking of recyclers and brokers. Together the companies have about 90 employees and three reprocessing lines.
Tuscarora heading S.W. with Berry buy
NEW BRIGHTON, PA. — Foam molder Tuscarora Inc. will expand its ability to serve customers in the southwest United States by acquiring Berry Packaging Inc.
Berry, based in Sallisaw, Okla., is near major appliance producers that use expanded polystyrene foam for protective packaging, said Brian Mullins, Tuscarora vice president and treasurer. He did not disclose terms of the deal, which Tuscarora expects to finalize by Feb. 1.
Berry's former owner, Arthur Berry, will pursue other business interests.
Berry Packaging has annual sales of about $4 million in EPS packaging molding. Mullins said his firm will modernize Sallisaw's molding equipment and introduce capabilities for other packaging materials, including conversion of fabricated foams. The program will cost more than $1 million, he estimated.
Tuscarora, a publicly held company based in New Brighton, had 1998 sales of $232.9 million, and operates 32 packaging plants in North America and the United Kingdom. Its newest facility is in Tijuana, Mexico, where it began EPS molding and thermoforming in September.
Beacon, Ussery merge to form UTI Group
GREENVILLE, S.C. — A molder and a toolmaking company with common ownership — Beacon Plastics Inc. and Ussery Technologies Inc. — have merged into one corporate entity and will do business as UTI Group.
The reorganization is a precursor to capital expansion plans that could add 100 employees to the company's current work force of 200, said UTI President Harry Ussery. He declined to discuss details.
Beacon Plastics has injection molding plants in Homer, La., and Little Rock, Ark. Ussery Technologies has a tool-building division in Vilonia, Ark., and a contract packaging arm in Greenville, S.C.
UTI Group will be headquartered in Greenville. Ussery is chairman of the Society of the Plastics Industry Inc. of Washington.
Scottish firm lays off half of its workers
INVERGORDON, SCOTLAND — Zonal Audio Plastics has cut its work force in half, blaming factors including a slump in the price of compact disc jewel boxes.
ZAP laid off 19 workers at its Invergordon molding plant in December, when it closed three injection molding lines. The plant has six idle 150-ton Krauss-Maffei presses, said David Brooks, finance director of ZAP's parent, Zonal Ltd. of Redhill, England.
Zonal is seeking custom molding work to keep its Scottish subsidiary open. The plant still employs 17 and has 19 other presses, with clamping forces of 80-300 tons. The plant molds audiocassette cases and tape spools, Brooks said.
ZAP installed the third molding line for jewel boxes in 1994, but the business has lost about £500,000 ($824,000) a year in the past two years.