Pipe producer TBA selling former site
LOUISVILLE - PVC pipe extruder TBA LLC is selling its 54,000-square-foot extrusion plant in Lincoln, Ala.
The Louisville-based maker of conduit and water pipe previously moved its Lincoln extrusion operations to its 90,000-square-foot plant in Louisville, where it runs 12 lines.
TBA President Tom Brooks said he is asking $1.2 million for the Lincoln plant, in Talladega County, near the popular Nascar speedway.
``The rail siding alone is worth a half million,'' he said in an Aug. 14 phone interview. The 14-acre site also has seven material silos.
The under-the-radar extruder is poised to sell about $50 million in pipe this year, Brooks said.
Netherlands company acquires EssÃ¥plast AB
ZEIST, NETHERLANDS - Vink Holding BV has added to its distribution business through the takeover of Stockholm-Sweden-based EssÃ¥plast AB.
The move takes Vink a step closer to its aim of being a pan-European player in the market for distributing semi-finished plastic products. Vink is a unit of Kendrion NV, both based in Zeist.
Vink expects to continue its expansion strategy, aiming for market leadership in countries where it supplies rod, sheet and tube semifinished products. Next, Vink wants to boost its activities in France and Germany, the company said.
Founded in 1972, EssÃ¥plast employs 80 at three Swedish sites in MalmÃ¶, GÃ¶teborg and Stockholm. The firm has annual sales of 15 million euros ($19 million).
``The Vink group was already active in Sweden on a modest scale, and EssÃ¥plast activities are a perfect fit to these activities. This acquisition makes Sweden another country in which the Vink group holds a market-leading position,'' said Kendrion. It plans to merge Vink with EssÃ¥plast ``in the near future.''
Vink, which is active in 14 countries, recorded sales in 2005 of 270 million euros ($343 million). Kendrion employs around 2,700 in 16 countries in Europe, the Far East and the United States.
Superior Metal buys Styro-Tek of Alabama
BIRMINGHAM, ALA. - Superior Metal Products Co. Inc., a manufacturer of aluminum and vinyl building products, has acquired the assets of Pell City, Ala.-based Styro-Tek of Alabama Inc., a former supplier to Superior.
Styro-Tek, which manufactures expanded polystyrene-filled structural insulated panels and other foam products, employs 10.
Reached by phone Aug. 1, Superior officials declined to comment. Terms of the deal were not disclosed. Superior Metal Products is based in Birmingham.
Styro-Tek will continue to operate under the same name.
AcroTech S.D. plant planning for layoffs
WATERTOWN, S.D. - Industrial blow molder AcroTech Midwest Inc. is laying off workers in Watertown less than a year after it bought a major piece of new machinery for the plant.
AcroTech plans to let 23 of its 98 employees go, according to a South Dakota Department of Labor spokesman who confirmed local media reports. Five of the workers are AcroTech employees and the rest are temporary hires from an employment agency.
AcroTech President Jim Bassingthwaite blamed the layoffs on a poor business climate, but said in a phone interview that the firm hopes to rehire the workers at a later date. According to a report in the Watertown Public Opinion newspaper, AcroTech is scaling back because it lost customers.
Bassingthwaite confirmed the company has installed and is operating a Kautex multilayer blow molder. Last fall, AcroTech said it bought the six-layer Kautex machine to get into fuel tanks for riding lawn mowers. AcroTech had moved from Riverton, Minn., to the larger facility in Watertown partly to accommodate the big, dual-platen, dual-station blow molding machine.
Buying its new building and machinery cost AcroTech some $10 million.
Plascon to expand film manufacturing
TRAVERSE CITY, MICH. - Film and bag maker Plascon Inc. is spending $1 million on a project that includes expanding its plant in Traverse City by 16,000 square feet.
According to the Traverse City clerk's office, company officials have scheduled a public hearing for a six-year tax abatement, under which Plascon is to retain eight existing jobs and create eight to 10 new jobs within two years of completing the project.
The project includes $650,000 in real property investment and $350,000 for new equipment.
Plascon President David Peterson did not return several calls seeking comment.
According to a report in the Traverse City Record-Eagle newspaper, Peterson said the expansion and new equipment will enable the company to produce about 60 percent of the polyethylene film used by its clients to make bags for food service, waste collection and other industries.
Premold leads team to make RIM press
OCONOMOWOC, WIS. - Premold Corp. is working with Design Concepts Inc. and SourceOne Automation LLC to create a new reaction injection molding press that will give the company greater molding flexibility and efficiency.
Oconomowoc-based Premold is developing a 40-ton RIM press that will let it set up new molds faster and reduce manufacturing time and costs.
Engineers and specialists from Design Concepts of Madison, Wis., and SourceOne of Stoughton, Wis., are helping with the machine, which will use a hydraulic rotary actuator to maneuver molds weighing as much as 4,700 pounds, improving operator access.
The press also will have 180-degree horizontal action for accessing parts and a tilting motion of 105 degrees.
Premold expects to finish building the press by year's end.
* Plastics Suppliers Inc., a Columbus, Ohio-based film and sheet maker, recently received an Excellence in Exporting Award from Ohio Gov. Bob Taft. The award recognizes Ohio companies that have increased sales volume through exports.