Uponor Oyj selling central Europe unit
VANTAA, FINLAND - Nordic plastic pipe producer Uponor Oyj has sold its sewer pipe business in central Europe to Maincor GmbH of Knetzgau, Germany, for an undisclosed sum.
The operations being sold include the business and assets of Uponor Anger GmbH of Marl, Germany, and its share of subsidiary Uponor Czech sro of Prague, Czech Republic.
The divested business, with gravity sewer pipe production at the Anger plant for the German and Czech markets, had net sales in 2005 of 25 million euros ($32 million). It employs about 80, who will stay with the business under its new owner, according to Uponor.
Vantaa-based Uponor will retain its plastics and composite plumbing and heating pipe operations in Germany.
TricorBraun acquires N.Y. design company
ST. LOUIS - Rigid packaging designer TricorBraun of St. Louis has acquired packaging design and engineering firm Fenton, Weber & Jones Packaging Inc. of Buffalo, N.Y.
The acquisition gives TricorBraun its third design and engineering center; it has others in Los Angeles and Chicago.
TricorBraun President Keith Strope declined to provide details about employees.
According to its Web site, Fenton, Weber & Jones has been making stock and custom bottles, jars and containers since 1984. The company serves a variety of markets including cosmetic, personal care, skin care, food, cleaning supplies and pharmaceutical.
Nifco Inc. opening Polish fastener plant
YOKOHAMA, JAPAN - Nifco Inc. plans to open a plant in Swidnica, Poland, to make automotive fasteners and their molds for customers moving into the region.
Yokohama-based Nifco said it expects to open a $6.8 million offshoot, Nifco Poland Sp.zo.o., in the spring of 2007. The operation initially will employ 65 and is expected to generate sales of 400 million yen ($3.4 million) in its first year, and 1.5 billion yen ($12.8 million) by 2012.
The site's main customers will include Japanese, Korean and European vehicle builders, Nifco said in a news release.