Precise Technology Inc. adjusted its senior management team and is exploring international expansion.
John Weeks assumed the role of chairman and chief executive officer, focusing on growth. Weeks had been president and CEO.
Michael Farrell was named president and chief operating officer with responsibility for global manufacturing, engineering and technology, mold manufacturing and sales and marketing. He had been executive vice president.
As part of the restructuring, Gregory Conley was promoted to executive vice president and chief financial officer and Cassandra Tabler to vice president of human resources.
In a legal merger effective Jan. 1, the business formally adopted the name Precise Technology Inc. to encompass most divisions of LLS Corp., which operated as Courtesy Corp. and was acquired in October 2002.
One former Courtesy division, Creative Packaging Corp. in Buffalo Grove, Ill., retains its own name.
Creative, a product developer and marketer, specializes in caps, closures and stock products for the beverage industry.
Precise, headquartered in North Versailles, employs a total of about 1,700 and operates 15 molding and mold-making facilities.
Its sales in 2003 approached $300 million.
The only site outside North America is in the Netherlands, but Precise is ``seriously looking at Asia and Europe,'' Farrell said. ``We have a task team in place'' and may identify ``something in the next 12 months.''
Private investment firm Code Hennessy & Simmons LLC of Chicago owns a majority of Precise Technology.