Vinyl sheet producer Boltaron Performance Products LLC is extending its global reach through a joint venture with Gallazzi SpA of Tradate, Italy.
Boltaron of Newcomerstown, Ohio, and the Lucchesi division of Gallazzi are teaming up to provide vinyl core stock and overlay materials for credit cards and other secure cards.
Lucchesi, based in Minerbio, Italy, and Boltaron have had an informal association for a few years based on Boltaron President Lawrence Schorr's familiarity with the Italian business. They have sold mainly in their natural geographic markets, said Boltaron global secure card sales manager Gregory Adams.
The partners realize that they need to be present in broader markets to be competitive, according to Adams, so they formed the 50-50 joint venture.
Both partners have similar recent histories. Each has expanded and changed ownership in the past few years. Boltaron is the result of a 2004 management buyout of the assets of Empire Plastics Inc. Gallazzi bought Lucchesi in 2003.
The venture, called LuccaBolt, plans to set up a manufacturing facility in Asia within two years. Lucchesi now runs four calendering lines with annual capacity of 66 million pounds and a coating operation capable of treating 215 million square feet per year. Boltaron's three calendering lines can make 55 million pounds per year of vinyl sheet. It also extrudes sheet for aircraft and various other thermoforming markets and it press laminates sheet. Adams said in addition to vinyl, Boltaron can make PVC/ABS and PVC/acrylic sheet.
Gallazzi General Manager Guillaume de Lepmay said, ``This joint venture will enable our customers [that] have facilities in multiple worldwide locations to have the benefit of a single sales point with local, specialized production and logistics.''