HallStar acquires Dow plasticizer brand
CHICAGO — For the second time in less than four years, HallStar Co. has bought a plastic additives business from Dow Chemical Co.
This time around, Chicago-based HallStar has bought the TP-brand plasticizer product line from Midland, Mich.-based Dow. The TP trade name “is known worldwide as an integral part of polymer formulations, and will significantly expand the types of plasticizer-based solutions we can provide to our customers,” HallStar Executive Vice President Louis Pace said in a July 2 news release.
Terms of the deal were not disclosed. The transaction does not involve any property or equipment.
HallStar has annual sales of more than $140 million in specialty chemicals and industrial ingredients. Dow ranks as one of the world's largest plastics and chemicals makers, with sales of almost $60 billion in 2011.
Nief Plastic buys Germany's Poschmann
LYON, FRANCE — Lyon-based Nief Plastic Group is expanding in Europe by acquiring Lüdenscheid, Germany-based thermoplastic and thermoset molder Poschmann GmbH & Co. KG, as well as its subsidiary Poschmann Polska Sp. z.o.o. of Strefowa, Poland.
Nief is not disclosing the terms of the deal, but CEO Gilles Nief said there will be no job losses in France or Germany.
At the moment, the company is not looking at any other external growth projects but will instead focus on developing current projects with customers, he told European Plastics News.
The acquisition will give Nief Plastic a development center and production plant in Germany, as well as a second plant in Poland.
Poschmann, whose sales totaled 35 million euros ($43 million) in 2011, specializes in thermoplastic and thermoset moldings, as well as specialty technology such as injection molding of hollow bodies from retractable core molds.
Nief is expecting sales of 200 million euros ($248 million) this year.
Axson buys epoxy technology company
PARIS — Polymer formulations firm Axson Group has acquired epoxy technology company Nanoledge Inc. for an undisclosed price.
Paris-based Axson is buying Nanoledge from Telesystem, a media and technology investor firm based in Montreal. In a July 3 news release, officials said Nanoledge has significantly improved composite material performance through its proprietary nanoblending technologies.
In nanoblending, base resins are combined with carbon nanotubes or other nanoparticles and chemical additives to target specific performance improvements.
Charles Churet, Axson chairman and CEO, said Nanoledge's technology is “an innovation enabler” that will be a key element to Axson's development in new expanding markets.
Teijin adds optical film capacity in Japan
TOKYO — Teijin Chemicals Ltd. is adding what it said is sophisticated optical film manufacturing capability at its factory in Matsuyama, Japan, targeting applications in consumer electronics, tablet computers and automobiles.
The company said in a July 4 release that the investment will give it the annual capacity to make 11 million square feet of plastic film, including from polycarbonate and acrylic. Production is expected to start in August.
The Tokyo-based company said the factory will produce optical films with “unprecedentedly” smooth surfaces, including conductive films for touch panels and films on automobile panels that save weight or reduce environmental impact by eliminating the need for painting or plating.
The company also said the investment will help the speed of larger, higher-definition displays for smart phones, flat-panel screens and other devices.
Windsor adds machines in Ohio, Mexico
WINDSOR, ONTARIO — Windsor Mold Group has installed multishot, twin-platen injection molding machines from Engel Machinery Inc. at its operations in Bellevue, Ohio, and Querétaro, Mexico.
The Windsor-based company previously announced a $9.7 million expansion in Bellevue with both additional space and equipment.
Engel, based in York, Pa., said in a July 6 news release that it has delivered both presses, each with a capacity of 2,200 tons and rotating cores.
The press at the Bellevue facility, part of Windsor Mold's Autoplas unit, has three injection units. The press at Querétaro has two injection units.