Advanced Drainage buys Nyloplast unit
COLUMBUS, OHIO — Advanced Drainage Systems Inc. has expanded into drain basins made of PVC by buying a division of Nyloplast America Inc.
ADS acquired a production plant in Buford, Ga., that makes PVC/metal/concrete in-line drains and basins that are capturing market share from concrete types in sewer, highway and other construction markets. The Buford plant makes the products using thermoforming and a variety of fabrication techniques, said Ewout Leeuwenburg, formerly Nyloplast America president and now general manager of the Buford-based business.
ADS' main products are extruded, corrugated polyethylene pipe. In the past decade it has sourced basins and fittings from Nyloplast America. ADS, based in Columbus, had estimated sales of $328 million for 1999.
Nyloplast America's remaining business in Preston, Idaho, is for sale, Leeuwenburg said by telephone. The business makes high-pressure pipe fittings and does not fit with ADS' low-pressure conduit business, said ADS marketing director Tony Radoszewski. Leeuwenburg said Nyloplast NV of Rotterdam, Netherlands, wants to wind down the Preston operation within several months.
Nyloplast America had sales of about $11 million in 2000. Its parent, traded on the Amsterdam Stock Exchange, had sales exceeding 65 million Dutch guilders ($27 million) in 2000.
Magna names auto interior spinoff Intier
AURORA, ONTARIO — Magna International Inc. has given its new interior systems unit its own name: Intier Automotive. The division will carry the moniker through its planned spinoff as an independent company later this year.
Aurora-based Magna announced the proposed split in February, with intentions to expand its offerings to become a complete interior supplier. Intier will take in Magna Seating Systems, Atoma Closure Systems and Magna Seating Systems units to produce instrument panels, door systems, consoles, headliners, seating units and a variety of other modules, President and Chief Executive Officer Don Walker said in an April 5 announcement.
Intier will operate more than 60 manufacturing sites and 13 technology and engineering centers in 13 countries.
Drug Plastics & Glass acquires Top Seal
BOYERTOWN, PA. — Drug Plastics & Glass Co. Inc. of Boyertown has acquired Top Seal Corp. from Tech Group Inc. The acquisition extends Drug Plastics' role in plastic packaging and substantially boosts its injection molding capabilities.
Top Seal injection molds stock and custom plastic closures at its Phoenix facility and at an Edinburgh, Ind., satellite location. Those plants are likely to be enlarged, according to Fred Biesecker, president and chief executive officer of Drug Plastics.
The deal expands Drug Plastics' closure-industry presence with more product sizes and designs, Biesecker said by telephone.
Drug Plastics blow molds plastic bottles for pharmaceuticals, nutritional supplements, health and beauty aids, household chemicals, food and novelties. The firm operates six other plants and a tool shop and reported 1999 sales of $83.2 million.
Terms of the deal, which closed March 30, were undisclosed.
In November, Tech Group of Scottsdale, Ariz., said it would exit the packaging business, including Top Seal and Star Container Co. A Phoenix investment banker continues efforts to sell Star, which blow molds PET and glycol-modified PET for food, beverage and houseware containers. Phoenix-based Star also has an operation in Edinburgh. Tech Group had sales of $188.4 million for its fiscal year ended June 24.
PVC film maker VPI adds equipment
DELAWARE CITY, DEL. — VPI Mirrex Corp. just completed a $5 million equipment upgrade at its Delaware City headquarters plant.
The Rodolfo Comerio SAS and Bastian Wickeltechnik GmbH calendering and slitting equipment upgrades will boost capacity and sales at the PVC film manufacturer by 5 percent, according to the company.
The in-line slitting capability will eliminate the need for a downstream slitting operation. VPI also is gaining the ability to make shrink labels in-line, according to a VPI Mirrex news release.
John Steenkamer, VPI plant manager, said the equipment will shorten lead times for pharmaceutical, shrink-label and other packaging films.
VPI also recently added a second calendering line to its Salisbury, Md., facility. VPI is a division of VPI LLC of Sheboygan, Wis.