news news in brief
❙ Sun Capital portfolio company Coveris has announced the integration of Kubetech Custom Molding (formerly Rexam’s Home and Perconal Care business) and the creation of a new Rigid Packaging North America business unit. KubeTech has six plants in the US and claims to be the US leader in cube and stack mould design and production. Coveris was formed by the combination of ExoPack, Britton Group, Kobusch, Paccor and Paragon Print. The company claims to be the world’s sixth largest plastics packaging group with sales of $2.8bn.
www.kubetechmolding.com www.coveris.com
❙ Chinese plastic tableware maker Taizhou Fuling Plastics is to set up its first US-based manufacturing operation at Upper Macungie Township in Lehigh County, Pennsylvania. The company, which operates three factories in China, has taken a lease on an 8,000m2
site
and plans to invest $21m in the facility, according to local officials.
www.fulingplastics.com
❙ UK-based plastics compo- nents and packaging group Essentra has bought Austral- ia-based Kelvindale Products, a leading manufac- turer of injection moulded protective caps and plugs. Essentra said the move will allow it to extend the range of products Kelvindale offers its local customers.
www.essentra.com www.kelvindale.com.au
4
Schulman acquires Ferro’s Specialty Plastics units
A Schulman has agreed to buy most of the Specialty Plastics business of Ferro Corporation, including four facilities in the US and its operations in Spain, for $91m. The deal is expected to close
before the end of Schulman’s current fiscal year (31 August 2014). It does not include Ferro’s plastics business and opera- tions at Edison in New Jersey, US or at Carabobo in Venezuela. Schulman had attempted to
acquire the entire Ferro operation in 2013. The Specialty Plastics business is a global supplier of custom engineered plastic compounds, colorants, and liquid coatings (the latter primarily focused on thermoset technology).
the first 18 months, driven primarily by sourcing and plant efficiency actions. “Specialty Plastics is a
Joseph M Gigno
The units included in the Schulman acquisition achieved sales of $154m in 2013, with approximately two-thirds of these revenues generated in the US. Schulman said it anticipates making synergistic savings of around $5.5m over
Haidlmair ups stake in Mould & Matic
Austrian crate mould special- ist Haidlmair has bought out the share in packaging automation specialist Mould & Matic Solutions held by former partner Greiner Packaging
International.
Mould & Matic develops machinery and automation solutions for the packaging industry and has plants at Micheldorf in Austria and Slusovice in the Czech Republic. “Being sole owner gives us
Mario Haidlmair (left) with Greiner CEO Willi Eibner
INJECTION WORLD | June 2014
better opportunities for expansion in the future,” said Haidlmair CEO Mario Haidlmair. “We have experienced very good collaboration with Greiner Packaging International in the last few years. However, Mould & Matic’s clients very often also included Greiner Packaging International’s competitors.” ❙
www.haidlmair.at ❙
www.mouldandmatic.com
performance-driven, technically demanding business, and this business segment is what initially attracted us to seek to acquire Ferro back in 2013,” said Joseph M Gingo, chairman, president and chief executive officer of A Schulman. “Strategically combining
the two businesses provides the existing customers of the Specialty Plastics segment with an expanded product portfolio, technical solutions and global resources with the full support of the A Schulman team,” he said. ❙
www.aschulman.com
Arburg invests in Austria
German machinery maker Arburg opened its new technology centre in Austria last month, bringing technical support, spare parts service and customer training under one roof. “The new Arburg
Technology Centre in Micheldorf is a central point of contact for our custom- ers. Here they can prototype their moulds and see the latest machine technology in action for themselves,” said Eberhard Lutz, Arburg Austria managing director. ❙
www.arburg.com
www.injectionworld.com
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