New owner closing Medegen Colo. site
HAUPPAUGE, N.Y.-Medical Action Industries Inc., which last year purchased Medegen Medical Products, will begin shutting down Medegen's Colorado plant in August.
Medical Action and the Medegen business make disposable plastic surgical and medical products.
In a Feb. 15 announcement, Medical Action said it will consolidate injection molding operations in Northglenn, Colo., into another Medegen plant, in Gallaway, Tenn. Some products will be outsourced.
Medegen owns the 265,000-square-foot Tennessee plant. The Colorado building was leased.
Medegen employed about 70 full-time and 90 temporary workers at the Northglenn plant. Medical Action President and Chief Executive Officer Paul Meringolo said many of the Medegen workers there will be offered positions at the Gallaway site.
The decision to close the plant ``was a necessary part of the Medegen integration plan to reduce its overall cost structure and increase efficiency,'' the company said in a news release.
Medical Action is based in Hauppauge.
TricorBraun buys packaging distributor
ST. LOUIS - Rigid packaging designer and distributor TricorBraun has made its third acquisition in less than two years, this time buying rigid packaging distributor Independent Packaging Inc. of Quincy, Mass.
No purchase price was disclosed. In a March 12 news release, officials with St. Louis-based TricorBraun said that the I-Pak acquisition expands and diversifies the firm's business base in the New England market.
I-Pak was founded in 1969 and operates a 200,000-square-foot warehouse in Quincy. The 20-employee firm got its start by distributing 1-gallon plastic jugs from a 400-square-foot location.
Both I-Pak and St. Louis-based TricorBraun derive most of their sales from plastic products, but they also deal in glass and other materials, TricorBraun marketing director Suzann Fenton said.
TricorBraun has more than 30 locations across North America and posted sales of about $550 million in 2006. In August 2005, the firm diversified into blow mold manufacturing with the purchase of Cal-West Tool & Mold of Lake Elsinore, Calif. Then in June 2006, TricorBraun bought Fenton, Weber & Jones Packaging Inc., a packaging design and engineering firm in Buffalo, N.Y.
LP ends decking operations in Alabama
NASHVILLE, TENN. - Nashville-based Louisiana-Pacific Corp. is stopping its composite decking extrusion operations indefinitely in Selma, Ala.
The move affects 116 employees.
LP will shift all of that work to its Meridian, Idaho, plant, which recently has undergone a $14 million expansion, said Linda Kerechek, LP's brand manager for its Outdoor Living group, in a March 16 telephone interview.
The Selma facility's scheduled shutdown date is April 13. There are no plans to sell the extrusion equipment or the plant, Kerechek said. LP officials will continue to monitor supply and demand for its WeatherBest-brand decking, and re-evaluate plans for the Selma plant around the start of the third quarter.
``We're doing this to strengthen our business so we can continue to grow it,'' Kerechek said. ``WeatherBest will continue to be an important part of LP's building products portfolio.
LP's decking customers will not be affected, she said.
The building products maker has not soured on manufacturing in Alabama as LP is in the midst of building an oriented-strand board plant near Thomasville, Ala.
Pacur owner buys Digital Replay assets
OSHKOSH, WIS. - A secured creditor has purchased the assets of Digital Replay Inc., a company that markets plastic cups printed with lenticular in-mold graphics.
Ron Johnson formed a new company, Dynamic Drinkware LLC, to buy the assets. Johnson also owns Pacur LLC, a PET sheet extruder in Oshkosh, but he will keep the firms separate, according to Dynamic's general manager, Robert Foley.
Digital Replay had 10 employees, and the new owner has retained three of them. Dynamic closed Digital's Englewood, Colo., operations, and moved its corporate office to Oshkosh, according to a news release. Dynamic has a sales and marketing office in Overland Park, Kan.
Lenticular printing applies three-dimensional graphics to plastic, such as collectible plastic cups used at major sporting events.
Digital's cups were used at Super Bowl XLI in Miami, Foley said, and the firm supplies cups for 32 of the 36 NFL teams. Most of the firm's cups are made of polypropylene. The company owns its own tools but contract manufacturers make its products.
Dynamic bought the assets of Digital Replay through U.S. Bankruptcy Court in Denver.