W Y Industries acquires Georgia plant
NORTH BERGEN, N.J. - Plastic food-container maker W Y Industries Inc. of North Bergen has purchased a 225,750-square-foot facility in Newnan, Ga.
The building sits on 13 acres, according to real estate broker Binswanger Corp. of Philadelphia.
W Y Industries officials could not be reached before deadline.
Broker David Barber said the site formerly housed injection molding operations for Olsonite Seat Co., based in Sheboygan Falls, Wis.
According to Binswanger, resin silos and process-cooling equipment were included in the sale.
OSHA probing death at thermoformer
NORTHWOOD, IOWA - An investigation is continuing into the June 26 death of a worker at an Iowa thermoforming plant.
Dennis Vanderwoude, 53, was a temporary employee at Advanced Component Technologies Inc. in Northwood, on his sixth day on the plant's second shift, when he was injured by equipment, said Jerry Derner, vice president of operations.
Derner declined to give details until the Occupational Safety and Health Administration wraps up its probe.
Vanderwoude was being supervised as part of his training and was working alongside an experienced employee when the incident happened, Derner said.
It was the first fatal accident at the company, officials said.
ACT employs about 180, thermoforming large parts for commercial trucks and other industries.
Nypro, EM Group venture plans layoffs
SALO, FINLAND - Injection molder Nypro CMS Oy is negotiating with union officials in an effort to lay off 130 workers and close the company's Salo plant by the end of the year.
The company is a joint venture between Nypro Inc. of Clinton, Mass., and EM Group Oy of Finland. The venture molds mobile phone components and other products.
Nypro CMS is following formal procedures set by Finnish law, said Nypro spokesman Al Cotton. The company had similar talks last year, but a business reversal allowed the firm to remain open. However, orders again are slowing.
Cotton said the company competes in a global environment, and production costs are lower in other regions.
Fishing lure maker D&J to add workers
GEORGETOWN, GA. - Injection molder D&J Plastics Inc. will launch a $1.9 million expansion in Georgetown that will add 15 to its staff of 53.
The company molds hard and soft plastic fishing lures. The state of Georgia awarded Quitman County a $96,138 grant from its Department of Community Affairs to help finance improvements to the road leading to D&J, supplementing the company's own work on the site.
BWay purchases Toronto pail business
ATLANTA - Steel and plastic container maker BWay Corp. of Atlanta has agreed to acquire the plastic and steel general line pail business of Industrial Containers Ltd. in Toronto.
The deal, announced June 19, is expected to close this month.
``The acquisition of ICL's general line plastic and steel pail business is an important step in meeting our growth and diversification objectives,'' said Jean-Pierre Ergas, BWay's chairman and chief executive officer, in a June 19 news release.
The company's 2004 acquisition of injection and blow molder North American Packaging Corp. expanded its product offering to include general line rigid plastic packaging. With the current acquisition, BWay gets two plants in Toronto, one dedicated to plastic and the other to steel, and one in St. Albert, Alberta.
``The Nampac deal worked out really well for us,'' said Jeff O'Connell, BWay vice president, treasurer and secretary, in a June 28 telephone interview. ``This extends that.''
Under terms of the agreement, BWay will operate ICL as a subsidiary. ``It's going to run just as it is today,'' O'Connell said. Steve Arshinoff, who was one of three owners, will stay on as chief operating officer.
ICL's three plants had 2005 sales of $70 million, officials said. BWay will add 240 employees to its base of 3,000, O'Connell said.