Purchase gives Unimark presence in U.K.
GREER, S.C. - Unimark Plastics Co. now has a presence in the United Kingdom, with the July 3 purchase of Plastic Injection Ltd.
Unimark, a Greer-based injection molder, has renamed the acquired firm Unimark Plastics Ltd. The company has one facility in Christchurch, England. Officials would not disclose the purchase price. The companies share expertise in medical-device, light industrial and consumer markets, officials said.
The 30,000-square-foot site employs 50 and has 24 presses, with clamping forces of 25-200 tons.
Joe Pack, Unimark vice president of sales and marketing, said expansion is imminent, both at facilities in the United States and the new overseas site.
Unimark operates a total of five injection molding sites in the United States, reporting $74.7 million in sales for 2002.
Formosa declares force majeure on PE, PP
POINT COMFORT, TEXAS - Formosa Plastics Corp. USA has declared force majeure on polyethylene and polypropylene in the wake of Hurricane Claudette's assault on the company's petrochemicals plant in Point Comfort.
In an unrelated move, Formosa is idling chlor-alkali and ethylene dichloride production in Lake Charles, La., because of continued high prices for natural gas and the lower operating efficiency of those units. The units are to close by Aug. 31.
The storm hit the Texas coast early July 15, leaving the Point Comfort plant without power until late July 16, said Formosa spokesman Rob Thibault. No injuries were reported at the site.
All production units at the site - including PE, PP, PVC and a number of other chemical products - were knocked out. Since then, the firm has launched procedures to restart the site's PVC, PE, vinyl chloride monomer, ethylene glycol and EDC units. Some of those units already are operating at or near full capacity, Thibault said. All of the plant's operations are expected to be running at pre-storm levels by early August.
Printpack director dies in plane crash
ATLANTA - William Jenkins Love, a director of and member of the family that owns flexible packaging converter Printpack Inc., was killed July 19 when the twin-engine plane he was riding in crashed into a mountainside in Kenya.
Love, 41, was on a vacation in Africa with his wife, his children and his wife's family. Love's father-in-law, retired medical school professor George Brumley Jr., had arranged the plane trip to visit an African game reserve. Brumley also died in the accident, which claimed the lives of 14 people.
The crash, blamed on deteriorating weather around Mount Kenya, also took the lives of Love's wife, Elizabeth Brumley Love, and one of his children, 12-year-old daughter Sarah Jennings Love. Love's three younger children were staying in Johannesburg, South Africa.
Love was director of sales and marketing for Printpack's European operations and has been based in London since 1998.
Atlanta-based Printpack is one of the world's largest converters of film for packaging applications. The company was started by Love's father, J. Erskine Love Jr., in 1956.
GKN to buy Pilkington aerospace unit
REDDITCH, ENGLAND - GKN plc has agreed to acquire the aerospace business of Pilkington plc for 42 million ($67.5 million) in cash.
Contingent on regulatory approvals, the deal will create the world's largest supplier of transparent canopies and windows for military aircraft and the second-largest supplier of the transparencies for the commercial aircraft market, ranking behind PPG Industries Inc.'s Huntsville, Ala.-based aerospace-transparencies operation.
Pilkington Aerospace employs 540 at sites in Garden Grove, Calif., and Birmingham, England, and has operations in Brazil and Thailand. Pilkington Aerospace makes advanced transparencies in plastics and glass for a range of military programs, all Boeing Co. commercial aircraft and Embraer, Lear and Cessna business jets.
GKN's existing transparency operations employ 280 in Luton, England, and supply several military programs including the Eurofighter Typhoon.
Redditch-based GKN has enlarged its aerospace segment with numerous acquisitions in recent years and has a larger automotive segment. Meanwhile, Pilkington of St. Helens, England, focuses on glass and glazing products for its building, automotive and technical businesses and has regarded aerospace as being outside its core markets.