PMF News Archives
here for news archives
acquires Lustro Plastics for $10.4
Spartech Corp. has bolstered its market share in
glycol-modified PET sheet by acquiring Lustro Plastics Co.
for $10.4 million. Spartech already has plans to upgrade
equipment at Lustro.
PET represents only about 2 percent of the 500 million
pounds of material that Spartech Plastics, the company's
extruded sheet and roll stock division, uses every year.
More than 95 percent of Lustro's sheet and film are made
Lustro operates one plant in Evanston, IL., with six
extrusion lines. Spartech expects to retain all 125
The investment of $1.5 million to $2 million will involve
replacing some existing lines with newer equipment. With
annual sales of about $28 million, Lustro also serves the
electronic and medical packaging markets. The Evanston
facility will be added to Spartech Plastics' existing 17
Spartech employs about 1,600 and operates nearly 100
sheet production lines. The firm uses about 500 million
pounds of ABS, polystyrene, polyethylene, polycarbonate,
acrylic and PET to make sheet and film for industries
ranging from food packaging to appliance, automotive and
Buys John Brown Plastics Machinery for $62
Madison Capital Partners, a Chicago investment group that
owns several plastics processors and other equipment
companies, is paying $62 million for five of John Brown
Plastics Machinery's six units.
The deal includes five businesses: Brown Machine, a maker
manufacturer of thermoforming machinery in Beaverton, MI.,
Epco of Fremont, OH, which remanufactures plastics
machinery; Cumberland Engineering of South Attleboro, MA, a
granulator supplier; Berlinger, which makes pelletizers and
screen changers in Marblehead, MA; and Leesona, which makes
textile winders in Burlington, NC.
Those companies generate total sales of about $100
million a year. Madison elected not to purchase the other
John Brown business, injection molding press builder Negri
Bossi SpA of Milan, Italy.
Madison owns several other machinery companies. The
largest ones are Holcroft, Detroit company that makes
heat-treating furnaces for automakers, and Pacific Press
Technologies in Mount Carmel, Il., which builds presses for
metal stamping and compression molding of plastic
Madison's subsidiary, Plastics Group, owns four
processors; Pawnee Rotational Molding Co. of Maple Plains,
MN.; blow molders Borse Industries of Willowbrook, Il.;
Fremont Plastic Products of Freemont, OH, and blow molder
and rotomolder Wedco Moulded Products of Boucherville,
Madison Capital will run the John Brown plastics
equipment businesses while Plastics Group will continue to
focus on processors.
Plastics Sales Marketers Launch New Sales/Service
Two of the plastics industry's sales marketers, formerly
with MAAC Machinery and leading injection molding and
extrusion machinery firms, have established their own
business in what they consider a major void for sales,
service and marketing expertise within the plastics
FoxMor Group Inc., Wheaton, IL, is the new sales, service
and marketing consulting film started by Roger Fox and David
Morgese. Fox is former vice president of sales and Morgese
is the former national sales manager of MAAC Machinery
Corp., a thermoforming machinery manufacturer in
According to Fox and Morgese, what sets this new firm
apart is its ability to not only buy and sell equipment,
excluding thermoforming machinery, but also provide through
the manufacturers complete turnkey packages comprised of
comprehensive off-site and on-site training as well as
on-site counseling to get the new systems up and
Machinery packages being offered to date include
injection molding, CNC trimming, blow molding, roto-molding
and extrusion. The firm will also focus, in conjunction with
a marketing partner, on providing marketing and sales
training, guidance and support for firms involved in all
plastics processing areas.
"Foxmor has negotiated with several equipment
manufacturers to enable us to offer not just the machinery,
but also a special package of training to get customers
fully up-and-running from purchase to startu," according to
David Morgese. "The package offered with the CNC machinery
purchase will include training of the purchaser's employees
at an off-site location the first week; on site training the
second week; preventative maintenance the third week; and
during the fourth week, and at no charge, a representative
will visit the customer's site to modify and evaluate all
The FoxMor Group is a sales and consulting agency that
will be dedicated to supporting the major plastics
processing industries, specifically thermoforming and
injection molding. FoxMor will provide complete systems,
including processing machinery, ancillary equipment, tooling
and materials, as well as business development services.
With more than 25 years of combined plastics industry
experience, including capital equipment, sales and
marketing, the firm will be dedicated to providing solutions
to any manufacturing or marketing challenge which a
processor may encounter.
For more information, contact The FoxMore Group in
Wheaton, IL: Phone (630) 653-2200; Fax (630) 653-1474 E-Mail
Thermoforming Institute Announces National Award
Products and parts for applications ranging from
lifesaving medical devices to mementos of the national
pastime were among the winners of The Society of Plastics
Industry Inc.'s Thermoforming Institute National Awards
(TINA). In all, 13 products were honored in 12
The awards recognize superior aesthetics,
creativity, functionality and design difficulty of
thermoformed plastic parts.
The overall winner was Prent Corporation's Coronary
Imaging Catheter Package, a sterile barrier package that
suspends and immobilizes a fragile and expensive
fiber-optics catheter coil and accessories. The package also
serves as a protective shipper, prep station and catheter
channel for the product.
Other innovative products honored in the annual awards
competition included product displays, food packaging items,
an Origami-style promotional package and a package for
commemorative figurines for home run legends Mark McGwire
and Sammy Sosa.
The 1999 TINA Award
Heavy Gage Category
Metacom Music Station, Brookdale Plastics
Cotton Picker Door Assemblies - Triangle Plastics
Pressure Formed Assembly
Heart Laser Cart - Thermo-Fab Corp.
Pressure Formed Part
Teacher Board - Thermo-Fab Corp.
Assembly Twin Sheet Sleeve for Big Pak - TriEnda Corp.
Twin Sheet Part
VTC Upper Body - Kintz Plastics
Howes Caves, NY.
Light Gage Category
Quiche Base/Lid - Plastic Ingenuity
Cross Plains, WI
Dolphin Candy Clamshell - Plastic Package
In-House Shipping Tray - Plastic Ingenuity
Cross Plains, WI.
1998 Promotional Package - Prent Corp.
Coronary Imaging Catheter Package - Prent Corp. Janesville,
Devore Skin Care Display - Plastic Concept
Huntington Beach, CA.
Mark McGwire & Sammy Sosa Commemorative
Figure Package - Plastic Concept
Huntington Beach, CA.
Plastics Council Will Become Full-Service Resin
Manufacturers' Trade Association
The American Plastics Council's Board Chairman Jeffrey
Lipton, president and CEO of NOVA Chemicals, has announced
that the organization has decided to make APC a full-service
resin manufacturers' trade association. Lipton's
announcement followed a special meeting of APC's Board and
is the result of the failure of negotiations over the past
three years between APC and The Society of the Plastics
Industry Inc. (SPI) to establish a more formal alliance
between the two organizations.
"We are looking forward to building on APC's strengths to
create an even stronger and more effective association that
represents the interests and needs of resin companies as
well as customer," said Lipton. "We are committed to
continuing our issues management leadership while serving
the greater industry.
"When APC and SPI negotiators met back in December, both
sides sincerely tried to reach agreement, but it's clear now
that it will not be possible," said Lipton. "We are
disappointed, but feel that it is time to move on and do
what will best serve resin manufacturers and the plastics
Machine Purchased By Gusmer Machinery
Komo Machine Inc. of Sauk Rapids, MN, has been sold to
Gusmer Machinery Group of Lakewood, NJ. The sale was
finalized on Jan. 26 by the two former owners, Fred and Bob
Sexton, who sold their interests in Komo.
"This decision to sell Komo Machine was very difficult for
Bob and Fred Sexton," said Roger Reali, president and CEO of
Komo, "but it is their serious belief that, with greater
financial strength and the resources that GMG offers us, the
opportunities we see in the industrial markets we serve can
be achieved better over the long term through this
The sale is reported to include all other company holdings
of Komo Machine, including the firm's software subsidiary,
CIM-TECH of West Chicago, IL, and Kinetek Machine Tool
Solutions, a training, parts and service company in Sauk
Rapids and Columbus, OH. As part of the conditions for the
sale, both Reali and the Sexton brothers will remain in
their management positions with the companyfor undisclosed
Gusmer Machine Group is an industrial manufacturer of plural
component processing equipment for urethane and polyester
systems, serving the recreation, appliance, automotive, OEM
and building and construction industries.
Plastics Machining & Fabricating
|P: (847) 634-4347
F: (847) 634-4379
|P.O. BOX 1400