Featured Articles

Battenfeld Gloucester out of bankruptcy, under new owners

By PlasticsToday Staff
Published: January 5th, 2011

Gloucester Engineering Co. came under new ownership on Jan. 5, five days after it emerged from Chapter 11 bankruptcy protection, with private equity fund Blue Wolf Capital Partners LLC (New York) becoming its majority equity shareholder. The Gloucester, MA based manufacturer of extrusion and converting equipment fully exited bankruptcy protection on Dec.

TPE North American resin pricing, Dec. 27-31: PE down; PP up $0.04/lb; propylene outages push PP up $0.11/lb for December

By PlasticsToday Staff
Published: January 5th, 2011

Market overview: In the final, holiday-shortened week of 2010, few market participants were around and just a few spot resin offers where shown as total availability hit the low point of the year.

Plastics packaging: With sale of five business units, focus at Linpac is on packaging

By MPW Staff
Published: January 5th, 2011

The focus is now entirely on its core business of primary food packaging and returnable crates/containers as Linpac Group has sold five of its stand-alone, non-core business units to funds managed by Chamonix Private Equity, a London-based private equity firm.

Injection molding: Investor, management take over South Carolina molder PSI

By PlasticsToday Staff
Published: January 5th, 2011

Gladstone Investment Corp. and members of the molder's management have acquired injection molder Precision Southeast Inc. Gladstone's investment totaled $10.8 million, consisting of senior debt and equity, and it is now the company's majority owner, according to Harry Ussery, PSI's president.

Thermoset plastics: Acquisition leads to merger of Hadlock Plastics and Premix

By Matt Defosse
Published: January 5th, 2011

Two investment firms joined forces to acquire thermoset plastics compounder and processor Premix, and intend to merge it and its subsidiary, Quantum Composites Inc., with Hadlock Plastics, another thermoset plastics processor. Contacted by MPW, Terry Morgan, Hadlock's president, who will serve as CEO of the combined group, said layoffs are not planned as the merger is seen as a growth opportunity. Selling Premix is Mason Wells Inc., a private equity company out of Milwaukee, WI.

Packaging: Penn Bottle & Supply is latest TricorBraun acquisition

By PlasticsToday Staff
Published: January 4th, 2011

The family owned and operated diversified packaging supplier Penn Bottle & Supply Co. (Philadelphia, PA), which celebrates its 90th anniversary this year, is the latest acquisition of TricorBraun (St. Louis, MO), which asserts that it is the largest distributor of rigid packaging in North America. and which passed its 100th anniversary in 2002.

Plastic film extrusion: RKW acquires Danafilms

By Matt Defosse
Published: January 4th, 2011

One of Europe's largest blown and cast film extruders, RKW, has acquired a U.S.-based competitor, Danafilms. Danafilms' president, Sherman Olson, and the company's management team will remain with the company in their current roles.

PolyOne purchases Brazilian compounder, distributor for $21 million

By PlasticsToday Staff
Published: January 4th, 2011

PolyOne has acquired Brazilian compounder and distributor Uniplen Indústria de Polímeros Ltda. for an upfront cash purchase price of $21 million, marking its second acquisition in South America's largest market in the last three months.

American moldmakers' optimism, bottom lines still rising

By Clare Goldsberry
Published: January 4th, 2011

Optimism seems to be the pervading outlook according to the American Mold Builders Association Winter 2011 (fourth quarter) Business Forecast Survey. Business continues getting better for the majority of respondents.

Film extrusion: EDI installs 1.6m cast film line in application lab

By PlasticsToday Staff
Published: January 4th, 2011

Extrusion Dies Industries LLC (EDI; Chippewa Falls, WI) has installed a 1.6m (63-inch) extrusion line at its process lab, allowing for its own and customer research into new cast films, coatings, or laminations. The line is capable of laboratory-scale single- or multilayer production, as well as web converting, with five extruders that can produce single- or multilayer cast films at thicknesses from 8 to 125 µm (0.3 to 5 mils). EDI declined to reveal the make of the line or total investment cost.

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