NEWS Silgan buys packaging groups
Silgan Holdings, the Connecticut-based special- ist in rigid plastic packaging for consumer goods, has acquired Gateway Plastics and Unicep Packaging in separate deals. The purchase price for
Gateway was $485m, subject to customary adjustments. At its facility in Mequon, Wisconsin, Gateway makes dispensing closures and integrated dispensing packaging systems, such as a com- bined container and closure or recyclable dispensing beverage pods, mainly for
IMAGE: GATEWAY
automation platform can be leveraged across much of Silgan’s manufacturing footprint.”
Above: Gateway Plastics manufactures IML containers and dispensing closures
the food and beverage markets. It expects to make about $150m in sales and $46m in adjusted EBITDA this year. Silgan President and CEO
Adam Greenlee said: “This acquisition further expands
our comprehensive product offering in dispensing and speciality closures and provides further growth opportunities with many of our existing and shared customers. In addition, we believe Gateway’s advanced
Supply chain problems slow machinery shipments in US
US shipments of primary plastics processing machin- ery in Q2 2021 were down by 4.2% on the previous period to $321m, according to the latest quarterly data from the Committee on Equipment Statistics (CES) at the Plastics Industry Association. The biggest declines
were recorded in twin screw
compounding extruders (-25%) and injection mould- ing machines (-5%). The fall in shipments, however, is attributed more to problems in the supply chain than slowing order activity. “Shortage of parts and components are causing longer order-to-delivery timeframes,” according to the association’s Chief
Economist Perc Pineda. The Q2 2021 result was
considerably ahead of the same period in 2020. Shipments of injection moulding, single and twin-screw extruders were up by 19.5%, 37.8%. and 32.3% respectively. “Until the supply chain
issues are resolved, and production lead times return to normal, expect to see fluctuations in quarterly shipments of plastics machinery,” Pineda said. “Nevertheless, the outlook for plastics machinery in the second half of the year is positive.”
In the survey, 92.7% of
Primary plastics machinery shipments Source: Plastics, CES
4 INJECTION WORLD | October 2021
respondents expect market conditions to either improve or hold steady in the third quarter of 2021. �
www.plasticsindustry.org
Silgan has bought Unicep for $237m. Unicep is contract provider of dosed packaging for healthcare, diagnostics, animal health, and personal care with plants at Spokane, WA, and Sandpoint, ID. Its forecast sales are $45m in 2021. Greenlee said Unicep
broadens Silgan’s exposure to healthcare markets. Silgan has a total of 100 global facilities. �
www.silgan-closures.com
Stork IMM gets a new owner
Stork IMM, the Nether- lands-based injection moulding machine maker, has been acquired by Dutch investment firm Stibbe Participaties. Prior to the merger,
Stibbe and Stork’s previous owner Wadinko conducted a refinancing operation making Stork IMM debt free, said Stibbe.
In a short statement in
July, Stibbe said its new acquisition was a wel- come addition to his portfolio. “Stork IMM is a great company with a proud history that promises smooth sailing under our wings,” said the company in the statement. �
www.storkimm.com
www.injectionworld.com
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