Heritage Bag buys, expands Utah site
CARROLLTON, TEXAS - Heritage Bag Co. is expanding its western U.S. manufacturing operations to provide better market coverage, company officials said.
The Carrollton-based, privately held company makes plastic food packaging, trash bags and industrial liners.
In a Feb. 5 telephone call, Randy Holmes, Heritage's director of product and market development, said the company awarded a contract to Big-D Construction Corp. of Salt Lake City to add 35,000 square feet of manufacturing space to an 112,000-square-foot building that Heritage recently acquired in Ogden, Utah.
Holmes said the plant, which will have 50-60 employees, is expected to be operational by the end of the first quarter. He declined to give cost figures or disclose what kinds of machinery will be installed.
Heritage Bag ranked 27th among North American film and sheet manufacturers in Plastics News 2007 survey, with 2006 sales of $289 million. The company employs about 755.
Fast Heat sheds U.S. heating, sensor unit
ELMHURST, ILL. - Fast Heat Inc. of Elmhurst has sold its heating elements and sensors business in the United States to Tutco Inc. of Cookeville, Tenn.
The products include heater bands and cartridges, and thermocouples and temperature sensors.
Fast Heat will retain its heating elements and sensors business outside of the United States, through its factories in France, the United Kingdom and Singapore. Also, the sale does not affect Fast Heat's worldwide hot-runner and temperature-controller business.
Tim Stojka, president and chief executive officer, said company officials want to get into new emerging growth markets, such as radio-frequency-identification tagging. Fast Heat will target RFID for food, pharmaceuticals and chemicals, with offerings that track the location of a product and can monitor the temperature under which it was stored.
Temperature-sensing RFID - which builds on Fast Heat's expertise in that area - is important for tracking the conditions of storage and transportation for milk and other perishable products.
Terms of the sale to Tutco were not disclosed.
Mold maker Universal auctioning assets
STONEY CREEK, ONTARIO - Assets of injection and compression mold maker Universal Mould & Die Co. Ltd. will be auctioned at the firm's Stoney Creek, Ontario, site on Feb. 13.
On Oct. 25, Universal filed an intention to make a proposal under section 50.4 of Canada's Bankruptcy and Insolvency Act. Following the notice, A. Farber & Partners Inc. was appointed trustee and interim receiver of the company. Universal got an extension to file its proposal, but the extension expired Jan. 8.
The company went bankrupt the next day, after failing to file a proposal. Meanwhile, Farber sought offers to buy the company and eventually sold it to Infinity Asset Solutions Inc. of Concord, Ontario, which will hold the auction, including a simultaneous Webcast.
Antec '09 to be collocated with NPE '09
BROOKFIELD, CONN. - The Society of Plastics Engineers will collocate the 2009 Antec, its annual technical conference, with NPE 2009, the international plastics exposition organized by the Society of the Plastics Industry Inc.
The events will run at Chicago's McCormick Place on June 22-26, 2009. The combination will result in the largest technical conference ever offered at a global plastics trade show, according to SPI and SPE.
``The program to be organized by SPE at NPE 2009 will in fact be Antec itself, with absolutely all of the technical presentations, seminars, workshops and forums that annual attract plastics professionals from around the world,'' said Susan Oderwald, executive director of SPE, based in Brookfield.
Last year's Antec in Cincinnati drew 3,546 attendees - engineers, scientists, technicians, technical sales and service personnel, industry managers and academicians. Antec 2007 had 656 technical papers.
Washington-based SPI expects NPE 2009 to attract 75,000 visitors from around the world and 2,000 exhibiting companies.
Antec 2009 will take place in the new McCormick Place West building, which includes extensive meeting facilities.