Fabricators association IPFA to fold
RIVERSIDE, ILL. - A short-lived trade association that had hoped to organize the plastics machining industry is closing its doors.
The International Plastics Fabricators Association will cease operations by the end of the year, said David Whelan, IPFA treasurer and publisher of Plastics Distributor and Fabricator Magazine, based in Riverside. The group started in 2000.
The trade group, which had been run by a management association in Bloomingdale, Ill., targeted plastics machining, thermoforming and broadly defined suppliers to the industry, but never was able to attract more than 50 members, Whelan said. He estimates there are about 20,000 companies in that mix.
``The industry did not exhibit an interest in a central association to address their needs,'' Whelan said.
He said he was not sure why the group never took off, suggesting that it could have been the poor economy, difficulty convincing small firms to join or poor marketing.
The group tried to organize buying cooperatives for things like office supplies and legal services, and it ran seminars, Whelan said.
Tornado damages Rubbermaid facility
WOOSTER, OHIO - A tornado damaged a Rubbermaid Home Products Group plant Nov. 12 in Wooster. A piece of a roof was torn off one building and three employees were treated and released at a local hospital.
The plant will be closed at least until this week, according to a company spokeswoman. About 300,000 square feet of the plant was affected by the storm, according to a report in the Wooster Daily Record.
The tornado damaged a substantial part of Wooster, downing trees and power lines, but no one was reported seriously injured.
ContinentalAFA buys some O-I assets
ST. PETERS, MO.-The newly re-formed ContinentalAFA Dispensing Co. has added to its specialty closures capacity by purchasing the trigger-sprayer and finger-pump assets of Owens Illinois Inc.
The sale first was announced by O-I in October, but the buyer's name was not disclosed until the sale was completed Nov. 13. Toledo, Ohio-based O-I will gain about $50 million in cash proceeds from the sale and has exited that portion of its closures business.
ContinentalAFA, based in St. Peters, gains injection molding plants in Bridgeport, Conn., and El Paso, Texas, and the trigger-sprayer and finger-pump assets of O-I's plant in Erie, Pa.
O-I will continue to operate the Erie plant as part of its closures division.
The Missouri company reorganized in March 2002 under the ContinentalAFA name and new ownership after its former company, Indesco International Inc., filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code. Before the O-I acquisition, the company had two plants and estimated sales of close to $100 million.
The O-I assets will be placed under the Continental Sprayers International Inc. unit, also based in St. Peters. The company's owners include Chicago-based investment firm Chilmark Partners LLC, company executives and several others.
UPG closing two plants in Ill., Mexico
WESTMONT, ILL. - United Plastics Group Inc. is closing its injection molding plants in Bensenville, Ill., and Guadalajara, Mexico, which primarily served the electronics industry.
The firm blamed the move on shifting work to Asian suppliers.
``In this economy and environment, we didn't feel that either of these locations fit well with our long-term strategy for growth and profitability,'' said UPG Chief Executive Officer Shannon White.
Both plants are to close by the end of the year. Some 286 employees will receive a separation package, including severance pay.
The closures officially were announced internally to all employees and customers the week of Nov. 10, although the Westmont-based company mistakenly issued a news release Nov. 6 announcing the moves, which it later retracted.