PWP to expand thermoforming plants
Vernon, Calif. - Food packaging thermoformer PWP Industries is investing about $37 million for expansion projects in Vernon and in Abilene, Texas.
In Vernon, PWP is spending $15 million at a recently acquired 105,000-square-foot facility to establish new corporate offices and a state-of-the-art innovation, research and development center, said Ira Maroofian, president and chief operating officer. The work should be completed by the end of June.
The new site is about a mile from PWP's current 180,000-square-foot headquarters plant in Vernon, which will be converted to production.
In Abilene, PWP broke ground in January on a 125,000-square-foot addition to its leased, 112,500-square-foot plant there that will increase manufacturing and warehouse space. The company expects to finish that $22 million project by July.
The expansion will incorporate environmental features such as using sunlight for interior lighting and redeploying production-process heat to heat the plant. Since the Abilene site's 2006 opening, PWP has reduced shipping distances to customers by 1,000 miles per shipment, on average, reducing its greenhouse gas emissions and carbon footprint, Maroofian said.
PWP thermoforms PET and polypropylene packaging for bakery, snack-food, produce and food-service items, among others. It also operates a manufacturing plant in Mineral Wells, W.Va.
PWP Industries has annualized sales of about $164 million. Its parent company is HPC Industries LLC of Los Angeles.
Delfingen acquires M&Q extrusion sites
Anteuil, France - French profile extruder Delfingen Industry SA has acquired the wiring harness division of M&Q Plastic Products Inc. to expand its global footprint.
Delfingen, based in Anteuil, did not disclose a price for its purchase of the three wiring harness plants from M&Q of North Wales, Pa. The companies were competitors in profile extrusions used for automotive wiring.
The acquisition includes two plants in Texas - in El Paso and San Antonio - and one in Cebu, Philippines - with combined sales of $34 million and employing 250.
Delfingen, formerly called HSB Technologie SA, has annual sales of more than 70 billion euros ($109 billion) and does 86 percent of its business in the auto industry.
Bruce Tile assets boost Armtec business
GUELPH, ONTARIO - Guelph-based Armtec Infrastructure Income Fund has acquired certain property and assets of Walkerton, Ontario-based Bruce Tile - a maker of high density polyethylene pipe and drainage tile.
Armtec paid about $9.5 million for ``all of Bruce's machinery, plant equipment and inventory used in the manufacture of single-wall drainage tubing fabricated in Walkerton and sold through its two locations,'' which include a distribution yard in Dresden, Ontario, an Armtec news release said.
According to the release, Bruce's business is concentrated in Ontario's agricultural community.
``Our acquisition of these assets strengthens the Armtec division's competitive position in Ontario's growing agricultural drainage market,'' said Charles Phillips, Armtec's president and chief executive officer, in the March 20 news release.
Publicly traded Armtec makes and markets drainage products, including pipe from corrugated steel and precast concrete.
Employees buy, reopen Alpha Marathon
WOODBRIDGE, ONTARIO - A Woodbridge-based film extrusion equipment manufacturer is back in business under a new name, Alpha Marathon Film Extrusion Technologies Inc.
The business reopened March 17, 10 days after employees, including all of the former sales force, bought the predecessor company's assets from secured creditors Bank of Montreal and Business Development Bank. Terms were not disclosed.
Business will continue as usual, said Alpha Marathon President Dominic Marzano, also majority owner. The firm is working to complete several orders in progress on its shop floor.
Alpha Marathon employees bought assets, trade names and intellectual property and will operate from the same facility as its predecessor Alpha Marathon Technologies Group Inc. The former company went bankrupt Jan. 7 and had its first creditors' meeting on Feb. 15.