Featured Articles

Energy savings aplenty at Intek; consumption slashed 17% in one year

By Matt Defosse
Published: January 6th, 2011

Management and staff at plastics extrusion processor Intek are bearing down on energy use at their two facilities as part of a four-year program to reduce power consumption by 25%, or 1.5 million kilowatt hours (kWh). But after the success achieved in just the first year, they may have to raise the bar even higher.

Bayer MaterialScience bolsters polycarbonate film output in Deerfield

By PlasticsToday Staff
Published: January 6th, 2011

Bayer MaterialScience LLC has expanded polycarbonate (PC) film production at its South Deerfield, MA plant in response to growing demand for the product in a range of applications, including instrument panels, trade show displays, membrane switches, control panels, and decals. The expansion will add the capability to create gloss and gloss-and-textured Makrofol PC and Bayfol PC-blend films.

Plastics recycling: For those serious about IP security, the ultimate recycling system

By PlasticsToday Staff
Published: January 6th, 2011

"Secure destruction" and "sustainability" are catchphrases for a new service offered by Connecticut Metal Industries. The company calls the destruction and recycling system service a green and secure alternative to traditional incineration. The company will accept pharmaceutical and sensitive packaging scrap shipped under seal into its Ansonia, Connecticut warehouse.

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.

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