Ring Container Technologies Inc. has moved its container blow molding operation in Hillside, N.J., to Springfield, N.J.
The firm took out a long-term lease on 64,338 square feet of industrial space in Springfield, confirmed Barry Cohorsky, vice president of real estate firm NAI James E. Hanson of Hackensack, N.J., which represented Ring.
Ring was able to retain the Hillside employees because Springfield is nearby.
Ring blow molds containers for the food industry in Springfield. Its lease covers part of a nearly 207,000-square-foot building.
Officials at Ring's head office in Oakland did not respond to requests for an interview.
Ring had blow molding sales of about $260 million in 2010, according to Plastics News' recent survey. In that year it operated 19 blow molding plants. Recently Ring agreed to buy the plastic bottle business of Bway Corp. of Atlanta, including plants in Indianapolis and Cedar City, Utah. The acquired plants manufacture blow molded and injection molded containers and had 2011 sales of about $21 million. Those facilities focus on agricultural products and chemicals and their products range up to 10 liters in volume.
Ring also plans to build a facility in Modesto, Calif., and to invest nearly $8 million in its Chester, S.C., operation.