Pelletizer maker Bay Plastics Machinery Corp. has returned, after the Bay City, Mich., business purchased the ownership stake of its former German partner.
Now company leaders say Bay Plastics Machinery, formerly Scheer Bay Co., is free to pursue international business in China, India and Europe.
Bay was founded in 1997 by four former employees of Conair Jetro, who did not want to relocate when Conair Group consolidated its manufacturing in Franklin, Pa. The following year, Bay formed a joint venture alliance with C.F. Scheer & Cie. GmbH + Co. KG of Stuttgart, Germany. Bay Plastics Machinery was renamed Scheer Bay.
C.F. Scheer began operating under insolvency reorganization Oct. 1, 2008. Then Kent, Ohio-based Reduction Engineering Inc. bought the Scheer pelletizer business in November. The deal did not include Scheer Bay leaving the Michigan company in limbo.
Bay issued a news release May 29 to announce it is now an independent and will exhibit under its new name at NPE2009 in Chicago.
We have been considering this move for several years, said Tom Kernstock, executive vice president. There were fundamental differences in how we ran our business. ... This change will allow us to make the strategic changes to our product lines and distribution channels necessary to compete in a world market.
Bay employs 19 making pelletizing systems, including strand pelletizers, water baths, air knives, wet- and dry-cut water slides, long-fiber pelletizers and pelletizers for making micropellets.
Kernstock said the company will handle parts and service for its existing customers.