Ring Container acquires Bway bottle unit
OAKLAND, TENN. — Ring Container Technologies Inc. is expanding its blow molding business again, this time through acquisition.
Atlanta-based Bway Corp. announced March 8 that it has an agreement to sell its plastic bottle business to Oakland-based Ring Container.
The deal includes plants and equipment in Indianapolis and Cedar City, Utah, that make blow molded and injection molded products, according to a news release from Bway. The plants will continue to operate.
Terms of the deal were not disclosed. Bway said the business had 2011 sales of about $21 million.
The plants make bottles ranging in size from 1 gallon to 10 liters, primarily for agricultural and other chemicals products.
Bway plans to focus on its core blow molded tight-head container business.
Ring Container Technologies is a division of Ring Cos., a privately held, multinational corporation with 22 locations in the U.S. and Canada. In recent weeks the company has announced plans to build a new facility in Modesto, Calif., and to invest nearly $8 million in its South Carolina facility.
Lightwave Enterprises gets new owner
ROCHESTER, N.Y. — Empire Precision Plastics Inc. has expanded its capabilities by acquiring Lightwave Enterprises Inc., which makes polymer optics and does thin-film coating and diamond turning.
EPP has already moved equipment from Rochester-based LEI into its own Rochester operations and expected to have it operational by March 9, the company said in a March 7 news release.
EPP is a precision injection molding company with $10 million in sales. It said LEI will add an “immediate and highly accomplished component” to production for the medical, aerospace, military and consumer-products industries.
LEI's founders, Rex Fisher and Chuck Devereese, will provide consulting services to EPP under a new name, Devtex Consulting Group.
Fatality investigated at JM Eagle plant
LOS ANGELES — A maintenance worker was killed late March 3 at JM Eagle's plant in Umatilla, Ore.
Thomas Jerald Heap, a 31-year-old Umatilla resident, died when a large pipe hit him in the back of his head at 10:30 p.m., the Umatilla County Sheriff's Office told local media.
Both the Oregon Occupational Safety and Health Division and JM Eagle are investigating the incident to determine the cause. The sheriff's office said it was probably an accident.
Because the investigation is ongoing, JM Eagle representative Marcus Galindo did not provide any specific information regarding the cause of the incident. He said he was uncertain about how long the investigation would take.
“All of our facilities operate as a family,” Galindo said in a phone interview. “We have grief counselors on-site for employees and many if not all are taking advantage of that. This has been a terrible loss for us.”
Heap had worked for the PVC pipe manufacturer for 10 years.
JM Eagle has 22 plants throughout the U.S. and its corporate office is in Los Angeles.
Dispensing Dynamics purchases Colman
CITY OF INDUSTRY, CALIF. — Injection molder Dispensing Dynamics International Inc. has purchased Colman Group and its business unit San Jamar-Chef Revival as part of a continuing acquisition strategy in the housewares industry.
DDI, a City of Industry-based company owned by privately held Kinderhook Industries LLC, has made 23 acquisitions in the past three years. The firm makes public-restroom products such as dispensers for paper towels, tissue, soap, and air hand-drying systems.
San Jamar-Chef Revival of Elkhorn, Wis., makes a variety of food and beverage products, such as cup dispensers, bar condiment trays, ice buckets and its own line of washroom products.
The companies did not disclose a price for the deal.
DDI executives said in a March 6 news release that the acquisition brings the firm key distribution networks and expands its offerings. Dean deBuhr, chairman and CEO, said the combined companies have products already in the development pipeline that they can bring to market faster by working together.