Titan closes plant in downsizing move
PORTAGE, MICH. - Titan Plastics Group Inc. will close a small injection molding plant in Portage, dispersing the equipment to other plants with more business.
The Portage-based company - put together in 2001 as the merger of two molding companies - will shutter the 40,000-square-foot plant by Dec. 6, said President and Chief Executive Officer Greg Botner. About 90 employees will be affected.
The move was necessary to reduce capacity and cut costs, Botner said Oct. 4. Several other Titan plants closer to customers have remained more active than the Portage facility and will benefit from the new equipment, according to Botner.
The company will shift about 30 injection presses to Titan plants in Ohio, Michigan and Missouri, Botner said. Employees were notified of the closure in mid-September, he said.
The facility, formerly owned by Plastic Engineered Components Inc., performs custom molding work for electrical boxes and some automotive and medical products. The facility is the smallest Titan owns.
Titan still has its headquarters in Portage and operates a technical center and tooling facility in the southwest Michigan city.
Heritage shutters Himolene facility
CARROLLTON, TEXAS - Six months after acquiring the Himolene Inc. film business, Heritage Bag Co. has closed a former Himolene plant in Rutland, Vt.
Production at the 39-employee site will be transferred to a Heritage plant in Bridgeport, N.J. Some Rutland employees are expected to accept positions in Bridgeport, where Heritage opened a new, 200,000-square-foot plant earlier this year, Heritage Chief Operating Officer Martin Lowe said.
Lowe added that the age of the equipment was a factor in deciding to close the 40,000-square-foot Rutland site, which primarily produced high density polyethylene bags on 11 film extrusion lines. The site should be completely closed by March.
In April, Carrollton-based Heritage acquired Himolene - including plants in Rutland; Tupleo, Miss.; West Chicago, Ill.; and Bell, Calif. - from Clorox Co. of Oakland, Calif.
The addition of Himolene gave Heritage more than 120 film extrusion lines. Heritage ranks as one of North America's 50 largest film and sheet manufacturers, according to a Plastics News industry ranking, with 2001 sales of $210 million.
Poly-Pak forms unit with Action assets
MELVILLE, N.Y. - Poly-Pak Industries Inc. is forming a new division with the acquisition of some assets of Action Packaging of New York. Terms were not disclosed.
Action's equipment will be moved to Poly-Pak plants by the end of the year, according to Kenneth Trottere, vice president of sales and marketing at Poly-Pak. He said an undisclosed number of Action employees have taken positions with Poly-Pak.
The acquisition is the fourth for Poly-Pak since 1992. Founded in 1958, Poly-Pak will have nine divisions with about 350 employees in two locations: Elizabeth, N.J., and Melville.
Trottere said the addition will ``enhance the revenue stream,'' and Action's customers represent new customers for Poly-Pak. He added that the acquisition is complementary to Poly-Pak's other divisions.
``Action Packaging's equipment, sales and key personnel will enhance our existing product line while maximizing plant utilization,'' said Peter Levy, president of Poly-Pak Industries, in a news release.
Action Packaging is a 50-year-old manufacturer that specialized in printing and converting plastic bags used in such markets as food, apparel and other consumer products.
Among the products Poly-Pak makes are envelopes, commercial products, apparel bags, plastic and paper bags, food-packaging bags, roll stock and garment bags.