Reynolds closing Pa. packaging plant
AUCKLAND, NEW ZEALAND Reynolds Group Holdings Ltd. will close its Reynolds Food Packaging plant in Grove City, Pa.
These operations will be consolidated in other facilities, specifically New York and Illinois, company spokesman Matthew Gonring said in a Jan.19 telephone interview.
He said 145 employees, represented by the United Steelworkers union, and the company are in negotiations over workers' possible futures within the Reynolds companies. Gonring did not give a timeline for closing the plant, which makes plastic, aluminum and paper products.
Reynolds Group of Auckland is a subsidiary of Rank Group Ltd., owned by billionaire packaging mogul Graeme Hart.
The 250,000-square-foot Pennsylvania plant contained a 9 million-pound-per-year PET sheet extrusion line installed in 2006 as well as thermoforming equipment purchased by Alcoa Inc., which owned Reynolds Food Packaging before Rank Group in 2008 acquired Alcoa's packaging and consumer businesses.
Reynolds Group in November acquired packaging manufacturer Pactiv Corp. of Lake Forest, Ill., the maker of Hefty trash bags, in a deal worth about $6 billion.
Foam fabricators combine in Indiana
ELKHART, IND. Century Foam Inc. of Elkhart has acquired Exemplary Foam Inc., also of Elkhart. Terms were not disclosed.
Century, which fabricates polyurethane foam, will add Exemplary's water-jet cutting capacity for polyethylene and cross-linked PE foam to make parts for the recreational vehicle, marine, furniture, medical, automotive, packaging and dunnage, and novelty products markets. Century dalso istributes Nomaco Inc.'s NomaPak profiles and pipe insulation products.
The addition of Exemplary Foam perfectly marries their capacity and capabilities with our own, Tom Teach, Century's owner, said in a Jan. 20 news release.
Exemplary recently expanded to include die cutting and computer numerically controlled routing of PE as well as other plastics, Don Frandsen, general manager, said in a Jan. 20 e-mail.
The company, which employs 16, does not disclose sales.
This is a great opportunity for those of us at Exemplary Foam to expand on what we have been able to offer our customers in terms of materials and capabilities, Frandsen said.
Novamont forms North American unit
NOVARA, ITALY Italian bioplastics manufacturer Novamont SpA has created a North American unit, Danbury, Conn.-based Novamont North America Inc.
The unit will market Novamont's Mater-Bi-brand compostable and biodegradable bioplastics.
Novamont announced Jan. 19 that it plans to make significant investments in North America, eventually building an integrated system of agriculture, industry and environment, including a bioplastics refinery.
The North American composting market has grown significantly in the past decade, and is now ready to make a big step forward due to higher environmental sensitivity and increased attention on the economics of waste diversion, said Tony Gioffre, president of Novamont North America, in a news release.
Novara-based Novamont has 200 employees and reported 2010 annual sales of $115 million. The company said its current annual production capacity is about 176 million pounds.
Optics company buys Molded Plastic
ROCHESTER, N.Y. Rochester Precision Optics has expanded into the plastics market by acquiring Molded Plastic Optics LLC of Manchester, N.H., for an undisclosed price.
Officials with Rochester-based RPO said in a recent news release that MPO's technologies are very important to their overall strategy. RPO wasn't able to acquire a plastic optics business when it bought several assets from Kodak Optical Imaging Systems in 2005.
Now, with this acquisition, RPO can offer our customers extremely high precision and complex plastic optical technologies, RPO President William Hurley said in the release.
MPO operates a 10,000-square-foot plant in Manchester. The 3-year-old firm makes lenses and related products. Hurley said MPO has the latest automated mold presses, metrology and precision tool manufacturing.
The firm employs more than 130 at an 80,000-square-foot site in Rochester.