PCL Buys Half of U.S. Film/Bag Firm
In keeping with the expansion directive of its chairman and CEO Bill Swinimer, PCL Plastics Corporation, under the name of its U.S. business unit, PCL Packaging Inc., has acquired a 50 percent interes...
In keeping with the expansion directive of its chairman and CEO Bill Swinimer, PCL Plastics Corporation, under the name of its U.S. business unit, PCL Packaging Inc., has acquired a 50 percent interest in Gem Polymer Corporation of Delano, PA. Gem is a manufacturer of blown nylon film and bags for food applications such as oven roasting bags and plant meat processing bags. Gem also makes film and bags for chemical packaging, vacuum bag molding and medical products.
According to Swinimer, the purchase will provide synergistic benefits to both companies. “Gem has expertise in the nylon bag market, and we’ll provide capital for expansion and marketing know-how,” says Swinimer.
Swinimer says three new extrusion lines, two cast and one blown, will be up and running at Gem’s Delano facility in the first half of this year.
PCL is looking to grow to two and one-half times its current size in three years by acquisitions in both its base PE film business and nylon bag markets, according to Swinimer.
COMPOUNDER ADDS CAPACITY
Colortech Inc., Brampton, Ont., has made a number of moves to enhance its competitive position in color and additives concentrates. Fred Manuge has been promoted to business manager for Canada, and Chris Taylor has joined the company as materials manager for Canada. Colortech’s Brampton plant has received ISO 9001 registration. Its plant in Morristown, TN has been registered to ISO 9002.
A new continuous mixer compounding extruder has been purchased for installation at Colortech’s Brampton plant and is scheduled to go into production in the third quarter of this year. The new equipment will add 12 to 14 million lb./yr. manufacturing capacity for white concentrates.