Ampac purchases pouch maker Floeter
CINCINNATI - Intent on increasing its global presence in stand-up retort pouches, Ampac Packaging LLC of Cincinnati has acquired Floeter Flexible Packaging Group of Eberdingen, Germany.
The Sept. 6 announcement means Ampac will gain four new manufacturing locations: Eberdingen and Leipzig, Germany; New Delhi; and Chicago.
``We have continued to expand in flexible packaging, particularly with companies that exhibit a level of expertise with their customers,'' said John Baumann, Ampac president and chief executive officer, in a Sept. 6 telephone interview.
Floeter's long-standing reputation as a front-runner and technology leader for preformed retort pouches makes the acquisition a perfect next step in Ampac's growth plan, Baumann said.
Ampac has immediate plans to add equipment at the plants, Baumann said, but he would not disclose details.
Floeter was founded in 1985 by Marc Rapp, who now will be an Ampac shareholder and serve as president of its global pouching division.
Blaige & Co. LLC of Chicago represented Floeter in the transaction. Privately held Ampac now will operate 14 manufacturing sites in North America, Europe and Asia, with annual sales of more than $300 million.
Integra adding presses, silos, workers
KINGSPORT, TENN. - Tamper-evident closures maker Integra-Seal Industries LLC of Kingsport is expanding production with four new Demag injection molding presses and ancillary equipment.
President Marty McLean said in a Sept. 5 telephone interview that demand has risen substantially for the company's closures, which are targeted at dairy, water and juice markets.
``We've really grown faster than we thought,'' McLean said.
Although McLean would not disclose dollars, he said Integra saw about 20 percent sales growth in 2006.
In addition to the four presses, the company is adding two silos, a cooling tower, a chiller and air compressor. Integra currently employs 25 and will add about 10 workers during the next year.
McLean and two other officials have purchased the shares of two silent investors who had stakes in the company since its founding in 1999.
Integra operations manager Dino Caserta and McLean teamed up with Victor Dingus, an independent industry consultant, to purchase the shares. Although Dingus' exact title has not been determined, he will become more active in the company, McLean said.
He said Dingus has experience in developing leadership and quality systems, business planning and creative approaches to manufacturing that will allow Integra to expand in several nontraditional ways.
Arson ruled as cause of New Image fire
CANAL FULTON, OHIO - Investigators said arson caused a Sept. 1 fire that destroyed a building that housed New Image Plastics Manufacturing Co., a custom extruder of plastic welding rod in Canal Fulton.
Gerald Robinson, a public information officer for the Ohio Fire Marshal's Office, confirmed the news Sept. 7 and had no other details on what evidence investigators found at the scene.
Canal Fulton Fire Chief Ray Green said the origin of the fire, which started in a pile of wood pallets behind the building, appeared suspicious.
The fire started late Sept. 1, when the building was unoccupied. The building housed New Image Plastics and another business, All Ohio Crane.
``We were on the scene probably 10 minutes and the roof collapsed,'' Green said. No firefighters were sent into the structure, and there were no injuries.
He estimated the blaze caused about $1 million in damages, including the building and contents. Some of the machinery might be salvageable, he said.
James Waring, owner of New Image Plastics, did not return a telephone call seeking comment.
The company custom extrudes rods for several end markets, including pipe, furniture and the food industry.
The fire marshal's office is continuing its investigation.