Chesapeake, German firm form alliance
KUNSHAN, CHINA - Chesapeake Corp. has formed an alliance with a German closures company to supply pharmaceutical containers in China.
Both Chesapeake and partner Friedrich Sanner GmbH & Co. KG of Bensheim, Germany, have plants in Kunshan, about 20 miles from Shanghai, said spokesman Joe Vagi of Richmond, Va.-based Chesapeake. The two have worked together since October 2002, when Chesapeake opened a wholly owned facility in Kunshan, he said.
Chesapeake Plastic Packaging (Kunshan) Co. Ltd. will blow mold PET containers for London-based pharmaceutical firm GlaxoSmithKline plc, while Sanner Pharmaceutical & Medical Packaging Materials (Kunshan) Co. Ltd. will make the closures. The companies have a multiyear contract with GlaxoSmithKline and have received commitments from other pharmaceutical companies in China, Vagi said.
Sanner's injection molding plant in Kunshan employs 45 and also makes tubes. Chesapeake's 40,000-square-foot facility makes bottles and preforms.
Chesapeake recorded $899.3 million in sales in 2003.
Former Romar exec starts new company
ARLINGTON HEIGHTS, ILL. - The former operations manager for mold maker Romar Mold Inc. has launched his own business following the sale of Romar.
Dennis Wolfe's Wolfe Tool Inc. opened Aug. 1 in Arlington Heights, next door to the headquarters of Romar, which was sold to Hommer Tool & Mfg. Inc. in June.
``It was time for me to break away and try my own thing,'' Wolfe said in an Aug. 24 telephone interview.
Wolfe purchased equipment from a series of auctions and opened in a 3,200-square-foot shop with three employees. He has bid on several mold packages and is finding opportunities in repair and replacement work, he said. Wolfe Tool will focus on the health-care and packaging closures industries.
Malish adding extrusion line, upgrades
WILLOUGHBY, OHIO - Custom profile and tubing extruder Malish Plastics of Willoughby will add an extrusion line by September and plans to upgrade existing equipment next year.
The company currently has eight extrusion lines in its 30,000-square-foot site. Malish extrudes materials including PVC, ABS, thermoplastic polyurethane, high density polyethylene and polypropylene, and makes tooling, said national sales manager Dave Hutson.
``We are looking at improving technology in the extrusion of tightly toleranced, large-diameter, heavy-wall tubes,'' he said in an Aug. 23 telephone interview.
Malish Plastics formed in 1987. About 25 percent of its total output is earmarked for its parent company, Willoughby-based Malish Corp., which makes rotary brushes and engineered pad-driver systems for floor-cleaning equipment.
The firm employs 150 and has been family-owned since its formation in 1948 as Malish Brush and Specialty Co.
Film maker Alfatherm sold to Italian firm
VENEGONO SUPERIORE, ITALY - Italian calendered PVC film producer Alfatherm SpA is being sold by BA Capital Partners Europe, the European private equity arm of Bank of America Corp., to independent investment firm PM & Partners of Milan, Italy.
Under the sale agreement, Alfatherm's management, led by Managing Director Marino Uberti, will share a stake in the business along with PM & Partners and its fellow Italian private equity investor, the Emerald Fund. Terms were not disclosed.
The new owners of Venegono Superiore-based Alfatherm aim to build on the film producer's Italian market leadership and strengthen its place in Europe. Growth will be achieved organically and through bolt-on acquisitions, they announced.
Alfatherm, created from the merger of three Italian companies - Alfatherm Industriale SpA, Flexa SpA and Gorlex SpA - operates three plants at Gorla Minore, Gallarate and Venegono Superiore, all in Italy's Lombardia region.
The company runs 11 calendering lines and four printing lines turning out rigid and flexible films for the pharmaceutical packaging, stationery, furniture and technical products sectors. Alfatherm employs 550 and recorded 2003 sales of 110 million euros ($132 million).