WS Packaging buys Consolidated Products
GREEN BAY, WIS. — Labels major WS Packaging Group Inc. has expanded its stake in industrial labels by acquiring Consolidated Products Inc. in late May for undisclosed terms.
WS Packaging, with annual sales of about $400 million, is the second-largest label printing and converting company in North America, said the firm's corporate marketing director Mark Moorhead in a telephone interview. The company now runs 19 production plants in North America, including the Knoxville, Tenn., plant acquired with Consolidated Products. Moorhead declined to state sales of Consolidated Products, which was privately held.
Industrial labels, mainly made from paper, are durable to last the lifetime of the product to which they are affixed. Appliances, auto parts and air cylinders are typical products requiring permanent labels.
Moorhead said his firm does modest business in plastic labels, mainly for short runs of specialty drink bottles. WS Packaging also is a big player in other forms of converted packaging. The firm, based in Green Bay, is majority owned by J.W. Childs Associates LP, a private equity firm in Boston.
Herbold Meckesheim USA getting new HQ
SMITHFIELD, R.I. — Plastics recycling equipment supplier Herbold Meckesheim USA has tripled its space by moving to a new Rhode Island headquarters building.
Herbold is moving from a 5,000-square-foot facility in Smithfield to a 15,000-square-foot building in North Smithfield, just a few miles away.
“The new headquarters is better as well as bigger,” President David Lefrancois said in a news release. “After 16 years in the old place, we had quite a wish list of features we wanted in the new facility, and we made sure to build in every one of them. Our work flow, quality control and inventory management will all benefit.”
Lefrancois said Herbold Meckesheim USA, which employs six, will add a showroom and will have more space to stock machines and parts. The machinery is built by parent company Herbold Meckesheim GmbH in Meckesheim, Germany.
Rehau plans $30M expansion at Ala. site
LEESBURG, VA. — German auto supplier Rehau AG + Co. will invest $30 million to expand manufacturing at its Cullman, Ala., plant for new bumper production.
The investment will cover infrastructure and equipment costs needed for bumper assemblies for Daimler AG's Mercedes-Benz C-Class and M-Class vehicles, as well as improved production for additional North American business and to support business outside North America, the Rehau-based company said in a June 12 news release.
Rehau, with North American headquarters in Leesburg, has injection molded bumper fascias and other parts in Cullman since the late 1990s. Upgrades to the facility now include a building expansion, new injection molding equipment, auxiliary fabrication equipment and conversion of the painting line to a waterborne-paint system.
The company also expects to add up to 200 more employees during the next two years.
Bumper assembly design and development in Cullman have already started, with the first production using new equipment expected in mid-2013.
Lanxess to launch nylon plant in 2014
LEVERKUSEN, GERMANY — German materials maker Lanxess AG is investing 75 million euros (US$93 million) to build a nylon plant in Antwerp, Belgium.
The plant, with an annual capacity of 198.4 million pounds, will begin operations in the first quarter of 2014.
Lanxess, based in Leverkusen, said global demand for high-technology plastics is expected to rise by 5-6 percent a year through 2020, mainly fueled by automotive.
Lanxess is building the nylon plant next to its Antwerp facility that makes caprolactam feedstocks.
Lanxess is in the middle of a global expansion. The company is building compounding plants in Gastonia, N.C., and Porto Feliz, Brazil. Earlier this year, Lanxess opened a plant in Jhagadia, India. The company also has doubled the capacity of its plant in Hamm-Uentrop, Germany.