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Unova to Buy Cincinnati Milacron's
Machine Tool Group
Unova Inc., an industrial technologies company
headquartered in Beverly Hills, CA., will add approximately
$500 million in revenue after buying Cincinnati Milacron's
machine tool business for $178 million. As part of the
agreement, Unova will purchase all assets of Milacron's
machine tool operations, including plants and offices and
the corporate headquarters in Cincinnati, OH, and plants and
offices in Birmingham, England.
Milacron's machine tool operation, which employs 2,400
worldwide, had sales of $458 million in 1997 but expects to
record an after-tax book loss of as much as $32 million, or
$0.80 per share in the third quarter of 1998, as a result of
Unova had 1997 sales of $1.5 billion, of which $800
million came from the IAS segment, which designs and
installs manufacturing systems. Together the operations will
rank as one of the largest manufacturing systems and machine
tool companies in the world.
Unova plans to run the operation as a separate division
with the current management under the name "Cincinnati
Machine &endash; A Unova Company." Milacron plans to
concentrate on its two larger businesses; plastics
technology and industrial products for metalworking. To
avoid confusion in the marketplace, the company will change
"The rights to the long and widely respected name
'Cincinnati' when used on machine tools and metalworking
equipment will become the property of Unova," said Daniel
Meyer, president of Cincinnati Milacron. "We'll go forward
as "Milacron Inc.," which retains the recognition and
reputation we've established in plastics and industrial
products. The new Milacron will be an exciting, fast-paced,
global technology leader, with expected sales in 1999 in
excess of $1.8 billion."
Milacron to Buy Uniloy Plastics
Milacron also recently agreed to purchase Johnson
Controls' Uniloy assets for approximately $210 million.
Johnson Controls is one of the world's leading producers of
blow molding machines, with Uniloy employing 800 people
worldwide in major manufacturing facilities in Manchester,
MI, Milan and Florence, Italy and Berlin, Germany.
Johnson Controls, whose annual sales are near $190
million, is best known for its Uniloy brand which is used in
the production of beverage containers and industrial
components, as well as structural foam systems for the
manufacture of household wares, furniture and
HPM, MAAC Machinery Announce Joint
Two of the plastics industry's equipment and
manufacturing giants, HPM and MAAC, have formed a
one-of-a-kind alliance to design, manufacture and install
complete turnkey cut sheet thermoforming production systems
for new and existing clients. Exxon Chemical America (North
American Polyethylene Division) will act as the
organization's liaison for consulting and training.
According to MAAC and HPM, this association will improve
OEM's and customer's bottom lines by taking single-source
responsibility for all phases of a project.
"While both individuals and their companies will continue
to focus on their current business, we can provide any
company wanting to either grow their business or enter the
cut sheet thermoforming business with a reliable
single-source for the design and installation of a complete
turnkey system," said both Paul Alongi, CEO of MAAC, and
Ferdinand Pranckh, vice president and general manager of
HPM. "If desired, we will provide everything, including
tooling, sequencing, end-product material, specifications,
material storage devices, feeding equipment, extrusion
systems, thermoforming machines and trimming, grinding,
finishing and assembly equipment as well as the required
The turnkey thermoforming services division at MAAC and
HPM will take full responsibility for the entire system. For
more information on the alliance, contact: HPM Extrusion
Business (419) 946-0222, or MAAC Machinery Corp. (630)
Ellis & Evrard Expands Polymers
Operations into USA
The United Kingdom-based Ellis & Evrard expanded its
polymer activities following its acquisition of Performance
Polymers, the fourth largest polymer distributor in the
United States market. Sixty percent of Ellis & Evrard's
$1.6 billion annual sales are from the U.S. market.
Ellis & Evrard International, a chemicals and polymer
distributing company, is involved in bulk chemicals,
industrial specialties and the food and personal care
"We see a real opportunity to develop across the United
States, and Performance Polymers presents an excellent
vehicle for our ambitions," said John Phillpotts, CEO of
Ellis & Evrard. "They have a young, highly-motivated
management team and a business philosophy that is highly
compatible with our own. We feel we can help them continue
and accelerate that growth."
John Brown Plastics For Sale
John Brown Plastics Machinery Inc., which includes five
plastics machining divisions, is up for sale for undisclosed
reasons. Kvaerner A.S.A., a European top engineering and
shipbuilding business, is the holding company for John Brown
Plastics Machinery Inc. Kvaerner says it intends to be
debt-free by the turn of the century by selling off more
than a billion dollars of non-core businesses.
Chief officer of John Brown Plastics, Charles Buckley,
declined to provide any past sales information about his
company, which employs 1,100.
The five divisions which make up John Brown Plastics
Machining include:EPCO, a machinery remanufacturing company
in Freemont, OH; Brown Machine, which makes thermoforming
machines in Beaverton, MI; Beringer, which makes pelletizers
and screen changers in Marblehead, MA; Negri Bossi SpA, an
injection press builder in Milan, Italy; and Cumberland
Engineering, a supplier of granulators in South Attelboro,
Kvaerner acquired John Brown in 1996 as part of the
purchase of England's Trafalgar House.
U.S. Conductive Polymer Demand to
Grow 6 Percent
According to a recent study by the Freedonia Group,
conductive polymers are expected to increase nearly 6
percent per year, to 2002. The polymers will provide a 385
million pound market for base resins, which will be fostered
by compound, processing and additive improvements.
ABS, PVC, polyphenylene-based resins, polycarbonate and
polyethylene resins account for 70 percent of all conductive
polymers used. ABS will remain the leading resin based on
the material's high impact strength. However, according to
Freedonia, PVC will present the best opportunities because
of its lower cost and design and processing ease.
Polyphenelene-based resins will increasingly be used where
high temperature and chemical resistance are required, such
as under-the-hood motor vehicle components.
For further details about the study, contact Corinne
Gangloff at the Freedonia Group, (440) 684-9600, fax (440)
646-0484, e-mail at firstname.lastname@example.org.
Full text of the study is also available online through
commercial database companies and the www.freedoniagroup.com
Seminar Focuses on Laminating
Wood & Wood Products, a sister publication of
Plastics Machining & Fabricating, will host back to back
laminating seminars in conjunction with two North American
trade associations. The seminar will be Nov. 11-12 at the
Holiday Inn City Centre in Chicago, IL.
The program, "Laminating & Fabricating with Composite
Panels" will feature tabletop exhibits. The seminar is
sponsored by the Composite Panel Assn., Laminating Materials
Assn. and W&WP.
Advance registration for "Laminating & Fabricating
with Composite Panels" is $395. To register, contact the
Wood Division Conference Office at (888) 903-9663; fax (630)
here for a printable registration form.
IMA Forms U.S.-Based Firm
Germany-based machinery manufacturer IMA AG has formed a
new U.S.-based company, IMA America Corp.
IMA is splitting with European Woodworking Machinery
which had been an exclusive U.S. distributor for IMA
product. Yens Nottmeyer has been named president of the new
company and will handle the distribution of Torwegge and
Nottmeyer panel processing equipment in the United
The new company is headquartered at 371 Kitty Hawk Drive,
Morrisville, NC 27560. For more information, phone (919)
Plastics Machining & Fabricating
|P: (847) 634-4347
F: (847) 634-4379
|P.O. BOX 1400