Firms taking over former Step2 plant
FORT VALLEY, GA. A new plastics processor called Valley Industrial Products will take over a shuttered Step2 LLC plant in Fort Valley, according to a local newspaper.
The Macon Telegraph reported Sept. 17 that Peach County economic development officials said the new company would move into the 103,000-square-foot rotomolding plant. Toymaker Step2 of Streetsboro, Ohio, closed the facility in January, laying off 104 workers.
The new owners would reopen the plant by the first quarter of 2011, the newspaper reported.
Peach County officials were unavailable for comment. Officials at a company called Valley Industrial Products of Huntington, N.Y., a maker of pressure-sensitive tapes, said they were unaware of any plans for their company to expand into Georgia.
Fischer resigns as Mold-Masters CEO
GEORGETOWN, ONTARIO Jonathon Fischer has stepped down from his position as president and CEO of hot-runner and tooling supplier Mold-Masters Ltd., the company announced Sept. 20. The change was effective immediately, and Chairman Hamdi Conger was named interim CEO.
The Georgetown-based company said it would shortly announce a new CEO, and that no other structural or executive leadership changes are planned. The announcement did not give a reason for the change.
Fischer will continue to be involved in the company as a shareholder with family ownership.
Jonathon Fischer had played a key strategic role in the growth of Mold-Masters to ensure the firm maintained its market-leading position, Conger said in the release. We thank Jonathon for his significant contribution over the past 23 years as we look forward to accelerating execution of the company's strategy.
The company employs 1,250 in 40 countries.
Molders CShell, Wright plan to merge
LANCASTER, PA. Injection molders CShell Packaging Products Inc. and Wright Plastic Products LLC will merge.
According to a Sept. 21 story in Digital2Disc magazine, Lancaster-based CShell, which makes clamshells for packaging digital media such as CDs, and Wright of Sheridan, Mich., which manufactures a variety of products for the automotive industry, will have their combined headquarters in Lancaster, with manufacturing continuing in Pennsylvania and Michigan.
Wright operates a second plant in St. Clair, Mich.
Officials from both companies were unavailable for comment.
According to its website, Wright operates several injection molding machines with 28-950 tons of clamping force, and has overmolding and in-mold decorating capabilities.
The company's products include automotive shifter knobs, bobbins and windshield-washer nozzles.
CShell is a subsidiary of Dering Corp. of Lancaster. According to its website, founder David Dering's experience in digital-media packaging dates back to 1986 when he founded American Helix Technology Corp.
HuhtamÃ¤ki selling European rigid unit
ESPOO, FINLAND HuhtamÃ¤ki Oyj is selling its European rigid plastic consumer-goods operations, excluding the business in Italy, for 52 million euros.
The buyer is Island Lux, an affiliate of Sun European Partners, which is the European adviser to Sun Capital Partners, a U.S.-based private investment firm.
We are very pleased to progress in the strategic review of our remaining rigid plastic consumer-goods operations in Europe, said HuhtamÃ¤ki CEO Jukka Moisio Especially being able to divest such a large part to a single buyer is a positive outcome.
The divested operations will include manufacturing plants in Finland, France, Poland and Turkey, and sales units in Germany and Lithuania. The units makes packaging for dairy, edible fats, ready meals and ice cream.
The Espoo-based company is continuing to review options for the Italian operations, Moisio said.
Earlier this year, HuhtamÃ¤ki sold its South American rigid plastic consumer-goods businesses to Bemis Co. Inc. The acquisition included three plants in Brazil, which mainly produce packaging for dairy, ice cream and edible fat products, and one in Argentina, which serves local food-service markets.