The plastic closure market has a new player, now that Torres & Towers LLC has purchased the injection molding assets of Hazleton, Pa.-based Zapata Innovative Plastics Inc.
The deal actually closed on Jan. 15, but the new owners had to deal with a variety of start-up issues at the outset, said Richie Montalvo, sales and administration manager. Now it is ready to seek new business. The firm is Hispanic-owned and is using that status to seek new customers.
Ray Torres is the owner and president of Torres & Towers. He previously had served as chief operating officer of Zapata International Corp., the Miami-based parent of Zapata Innovative Plastics. Torres was also president and chief operating officer of Schmalbach-Lubeca White Cap Inc. He continued in that role through two name changes.
``The large producers of soft drinks and water have been actively seeking to increase their minority spending yet few, if any, options existed within primary packaging materials,'' Torres said in a news release.
``By acquiring these assets and technology, we are able to offer an alternative supply source for closures, from a viable minority-owned business, while meeting the industry's stringent demands of tamper evidence, quality and competitive pricing.''
Torres is continuing the operation in Hazleton, keeping many former Zapata workers. The firm is using about 30,000 square feet of the 80,000-square-foot facility, Montalvo said. The company acquired six presses, along with auxiliary equipment, from Zapata. It also acquired secondary equipment for sealing, printing, labeling, testing and quality control.
Torres & Towers also has rights to the CurlSeal technology, used to produce one-piece closures with a tamper-evident band and a linerless feature.