Illinois thermoformer builds new Ga. plant
CONYERS, GA. — Transparent Container Corp. of Berkeley, Ill., has upgraded its Southeast operations to a custom-built 40,000-square-foot plant in Conyers.
The firm had leased two buildings elsewhere in Conyers since September 1996 and developed a growing customer base for its custom thermoformed products. The new site began operations in April to meet increased demand.
The new facility permits better service to existing customers ``and the necessary room for growth that we anticipate in the next three to five years,'' President Dan Greiwe said.
Transparent Container was formed in 1961 and employs 200 at four U.S. sites, including Conyers.
Others in Illinois are the original 90,000-square-foot Chicago location; a 72,000-square-foot plant in Berkeley; and a 70,000-square-foot plant in Bensenville. Another plant operates in Livingston, Scotland.
The company thermoforms trays, clamshells, trifolds and blisters. Transparent Container had 1998 sales of $35 million.
Toymax International acquires Florida firm
PLAINVIEW, N.Y. — Toymax International Inc. expanded its novelty business by acquiring Monogram International Inc. of Largo, Fla.
Plainview-based Toymax bought privately held Monogram for undisclosed terms May 27. Monogram — no relation to Hallmark Card Inc.'s Revell-Monogram business — had sales of about $22 million last year. It operates a small injection molding and stamping operation in Largo and also imports some of its gift, novelty and souvenir products, according to Barry Shapiro, president of the Toymax Enterprises division that runs Toymax's toy businesses, including Monogram.
Toymax imports plastic products from Asian contract producers and exports around the world. It designs and markets a range of children's products, including toys, hand-held electronics, kites, leisure goods and candy. Shapiro estimated Toymax's sales at about $110 million for the year ended March 31. Toymax shares trade on Nasdaq.
Shapiro said Monogram's plant doesn't have large enough equipment to make plastic components for Toymax products, but as Toymax expands, it eventually might do its own molding.
Rexam, Rightpak sign licensing deal
MANDALUYONG CITY, PHILIPPINES — Rightpak International Corp., a wholly owned subsidiary of food and beverage giant San Miguel Corp., has entered into a five-year technical assistance agreement with Rexam Specialty Food Packaging Ltd. of London.
Mandaluyong City-based SMC said the agreement calls for Rexam to transfer and license its advanced barrier vacuum metalizing technology to Rightpak.
The new technology will allow Rightpak to produce Rexam-brand specialty metalized packaging films.
SMC noted that vacuum metalized flexibles have become the preferred packages in Europe's food and personal or health care product markets, two of the largest users of barrier laminates. Barrier metalized laminates are used for refill pouches and one-way, disposable sachets.
Rexam Specialty Food Packaging is a unit of London-based Rexam plc.