Coll Materials to take over Nicos Polymers
ZANESVILLE, OHIO Ohio recycler Coll Materials LLC is preparing to take over Pennsylvania recycler Nicos Polymers Group, which emerged from Chapter 11 reorganization in December.
Brian Coll, president and CEO of Coll Materials, is now also president and CEO of Nicos Polymers. He will run both companies while the acquisition is pending, Coll said in a Feb. 28 news release.
Nicos Polymers recycles primarily post-industrial materials at its 180,000-square-foot plant in Nazareth, Pa. The company had filed for protection from creditors on Oct. 13 when negotiations to restructure its outstanding long-term debt stalled.
Coll Materials is a Zanesville-based post-industrial and post-consumer plastic recycler.
Flex-N-Gate investing $3.4M in Ky. site
RUSSELLVILLE, KY. Auto supplier Ventra Plastics is investing $3.4 million to expand its Russellville plant and improve production.
Ventra, part of Flex-N-Gate Corp. of Urbana, Ill., makes interior and exterior parts including fascia, front grille covers, accelerator parts and tailgate liners.
The Russellville expansion will replace existing equipment and add new technology to enhance production. The company did not specify what it will buy in a March 1 press release about the project.
The company also will add 25 jobs as part of the work, which will accommodate new business growth from existing customers.
Dixie Cutlery mulls Leominster expansion
LEOMINSTER, MASS. Georgia Pacific LLC's Dixie Cutlery unit is exploring an expansion of its Leominster plant that could add 25 jobs.
Leominster City Council recently approved a 10-year tax increment financing plan that would provide Dixie Cutlery with tax incentives for an expansion that creates jobs. The plan still has to be reviewed by the state.
Kelly Ferguson, spokesman for Georgia Pacific, said that no final decision has yet been made and that the company is considering multiple options to handle an expanded line of products.
Ferguson did not provide any more details of the possible expansion.
Dixie Cutlery currently has about 200 people working in Leominster.
UK report: PE bags have smaller footprint
LONDON The British Environment Agency has released a report that says single-use polyethylene grocery bags have a lower carbon footprint than alternative paper or reusable bags.
The report was released this week after a Feb. 20 newspaper report claimed the government was suppressing its conclusions. The Environment Agency claimed the report was still being peer-reviewed.
As expected, the report concluded that lightweight high density PE bags have a lower impact on global warming than alternative bags unless the alternatives are reused multiple times.
The report states that, in order to equal an HDPE bag used just once:
* A paper bag would need to be reused three times.
* A low density PE bag-for-life would need to be reused four times.
* A non-woven polypropylene bag would need to be reused 11 times.
* A cotton bag would need to be reused 131 times.
The full report, Life Cycle Assessment of Supermarket Carrier Bags, can be seen at www.environment-agency.gov.uk.
Excel Pac bought by Ill. holding firm
LAKE FOREST, ILL. Packaging Solutions Holdings Inc. the holding company put together by longtime industry executive Harold Bevis has added a Montreal-based packaging converter to its portfolio.
The Lake Forest-based company announced March 1 that it has acquired Excel Pac, a flexible packaging manufacturer, from Vincent Musacchio. Terms were not disclosed.
With the deal, Packaging Solutions will soon have three plants in the United States and Canada. With the acquisition, Packaging Solutions will generate annual sales of more than $200 million, the company said in a news release.