Klockner buys Alloyd calendering unit
DEKALB, ILL. — Alloyd Co. Inc. has sold its calendering operation to Klockner Pentaplast of America Inc. to focus on its core thermoforming and packaging machinery operations.
Terms were not disclosed. Alloyd's calendering line was shut down Jan. 31. Before the sale, Alloyd had produced its own PVC roll stock, said President Edwin W. Parkinson. Now, however, the company will concentrate on custom thermoforming for consumer packaging and manufacturing blister packaging machinery.
"We came to the decision that it was in our best interests to devote all of our time and attention to molding and thermoforming plastics," Parkinson said Feb. 8 by telephone.
The DeKalb company is 17th in Plastics News' current ranking of North American thermoformers, with sales of $92 million. Alloyd produces food, medical, consumer and industrial packaging products at seven sites in the United States and Puerto Rico.
Klockner of Gordonsville, Va., is one of the largest North American producers of rigid films, including PVC and polyvinylidene chloride-coated films for pharmaceutical, medical device, food, electronics and general-purpose thermoformed packaging. Klockner's film and sheet sales were estimated at $277 million.
Plastic Works moving to larger facility
BERKELEY, CALIF. — Plastic Works Inc. is preparing to relocate in late February to a 16,000-square-foot, leased facility in Richmond, Calif.
The thermoformer will move about eight miles from its 15,000-square-foot Berkeley home of 20 years.
The move will lower Plastic Works' rent significantly and give it a second overhead-rolling door, President Jeff Weinstein said in a telephone interview.
Plastic Works designs, fabricates and vacuum forms point-of-purchase retail displays and fixtures for greeting cards, compact discs and books and makes custom products for the medical imaging field. About 85 percent of the business involves industrial jobs with the remainder in packaging.
In some cases, plastic parts are integrated in displays with wood, metal, corrugated materials and electronic components. In one major program, AOL Time Warner Inc. ordered merchandise spinners as display fixtures for retail stores. Shipments began in November.
Plastic Works employs 17, operates three lines and had sales of $1.25 million for the fiscal year ended May 31.
Dynisco purchases sister firm Beringer
CHICAGO — Dynisco Extrusion of Hickory, N.C., acquired Beringer LLC of Marblehead, Mass., in January, linking major suppliers of auxiliary systems to the extrusion industry. Terms were not disclosed.
Chicago investment group Madison Capital Partners owns both operations, but the businesses have reported within separate Madison-owned corporations, Dynisco LLC of Franklin, Mass., and Brown Machine LLC of Beaverton, Mich., respectively.
"When Madison purchased Dynisco [in November], Dynisco expressed interest in Beringer," but any transaction needed to be at arm's length, Larry Gies, president of Madison Capital Partners, said by telephone.
Dynisco made a competitive offer that passed an outsider's scrutiny and was accepted by Brown Machine. "We needed a fairness opinion from [another] investment bank," he said.
Dynisco Extrusion makes gear pumps, screen changers and mixers, and Beringer manufactures screen changers, jet cleaners and water ring pelletizers.
The combined operations of Dynisco LLC and Beringer have annual sales of about $85 million, Gies said. Dynisco LLC accounts for about $70 million, and Beringer $15 million.
Lear sells 2 European plastics molders
SOUTHFIELD, MICH. — Lear Corp. has sold two European plastics molders as part of a plan to divest noncore businesses.
Quattro G srl of Calabria, Italy, bought a 170-employee operation in Mondovi, Italy, that makes interior trim for the auto industry. That plant has about $27.6 million in annual sales.
Polytec GmbH of Waldbrunn, Germany, purchased a 225-employee site in Ljungby, Sweden. The molding plant makes exterior trim for the auto and commercial truck businesses, posting about $19.5 million in sales.
Southfield-based Lear sold the two molders in December, along with two Italian shops that make metal frames for seats — in Melfi and Pozzili, near Isernia — for a total of $30 million.