A PET jar maker in Ohio has gone out of business and the facility's equipment is now up for sale.
An advertisement featuring machinery from Rez-Tech Corp. of Kent, Ohio, is being circulated by Meadoworks, which buys, sells and auctions plastic processing equipment.
A webcast of the auction for Rez-Tech equipment is scheduled for 9 a.m. eastern time Oct. 3. Those interested in looking at what is for sale in person can go to the company's location site 9 a.m.-3 p.m. Oct. 2, at 1510 Mogadore Road, Kent.
The auction involves more than $3.5 million worth of equipment and tooling, Meadoworks said. The sale includes machinery purchased new in 2019 such as a blow molding machine, a 440-ton PET injection molding machine with a robot to remove preforms, a 288-ton injection molding machine, a bottle bagging machine and a high-pressure air compressor.
Meadoworks cites a "complete facility closing" in the auction notice. CEO Jack Podnar could not be reached for comment for comment Sept. 26. Another company, Podnar Plastics, also lists the same address as Rez-Tech.
Other equipment listed for sale include extrusion blow molders, forklifts, PET preform molds and a material dryer and hoppers. The auction further includes a tool repair shop. Meadoworks also is selling off other equipment purchased in 2019 including a handle applicator machine, a vision and quality control system and a conveyor.
A 30-foot tall material silo, measuring 12 feet in diameter, also is part of the auction as well as a variety of equipment and tools needed to run the facility, according to the advertisement.
Rez-Tech made plastic jars with threaded or snap mouth lid diameters of 3.5 to 8 inches in diameter and had the capacity to make up to 67,800 units per day, according to the company's website. The company offered more than 112 different jars. Capacity ranged from 32 ounces to 2 gallons.
The company was founded in 1981, according to its LinkedIn profile.