Tally Ho under new owner, new name
JACKSONVILLE, TEXAS Tally Ho Plastics Inc. has been acquired and has launched operations Jan. 17 as Aonvoy Plastics in Jacksonville.
Custom injection molder Tally Ho had estimated sales of $5 million and 75 employees in 2009. It also does mold making.
The acquisition marks a new business line for parent Aonvoy Industries Inc., also of Jacksonville. Tally Ho's general manager, Raymond Grubbs, is now Aonvoy Plastics president, the companies said in a news release. Aonvoy will retain the management team and employees, Grubbs said.
Fosta-Tek buys all-electric e-motion
LEOMINSTER, MASS. Fosta-Tek Optics Inc., a Leominster molder of plastic components for optics and lenses, has purchased an all-electric Engel injection molding machine, an e-motion with 420 tons of clamping force.
Fosta-Tek's products include prism-corrected lenses for night-vision goggles, protective eyewear, automotive instrument panel components and high-precision military optics that match the quality of diamond-turned glass.
Vice President Jim LeBlanc said Fosta-Tek has added 18 Engel machines over the past 12 years, including seven all-electric presses.
We have to mold parts that meet demanding specifications, parts requiring shot-after-shot consistency, for instance, which is not an easy task considering the shrink rate of resins such as polycarbonates and cyclo-olefins, LeBlanc said.
Fosta-Tek also uses injection-compression process, as well as sequential injection-compression, to make its optical parts.
York, Pa.-based Engel Machinery Inc. recently delivered the press.
Cytec boosts UV stabilizer capacity
WOODLAND, PARK, N.J. Cytec Industries Inc. is increasing production capacity for ultraviolet-light stabilizers at a plant in Willow Island, W. Va.
Stabilizers made there under the Cyasorb brand name are used as additives in plastics and coatings, officials with Woodland Park-based Cytec said in a Jan. 19 news release. No details of the expansion were released, although officials said the project to be completed at the start of 2012 will significantly increase capacity.
Global demand for high-performance UV protection for plastics and coatings is growing, said global polymer additives business director Domenico Romanino.
Cytec is a publicly held specialty chemicals maker that posted sales of almost $2.8 billion in 2009.
Global Packaging invests in N. Carolina
OAKS, PA. Plastics film converter Global Packaging Inc. plans to move into the former Alpha Plastics plant in Hamlet, N.C.
According to a Jan. 14 news release from Gov. Bev Perdue, Global plans to create 64 jobs and invest $1.7 million during the next three years.
Oaks-based Global specializes in flexographic printing of high-quality graphics on a variety of film-based substrates and converting printed material into bags or roll stock.
The new facility will manufacture the film product for internal use. In addition, Global will be installing printing and bag converting equipment.
According to the release, the average annual wage for the new jobs will be $47,078.
The governor's office and Richmond County [N.C.] have made us feel welcome and their efforts will help us be successful and create many jobs, Global CEO Anthony J. Maginnis said in the release. He was unavailable for further comment.
The project received a $64,000 grant from the One North Carolina Fund.
The Hamlet plant formerly extruded polyethylene sheet and barrier film for packaging of consumer products, food, textiles, and medical devices. Georgia-Pacific Corp., which was Alpha's parent company, closed the plant in November, laying off about 30 employees.