Canadian Plastics

Supplier Notes (October 01, 2005)

Canadian Plastics   



Profine Molds introduces services, Web site to lower mold costs...

Profine Molds introduces services, Web site to lower mold costs

Oakville, Ont.-based Profine Molds Inc. announced the company is supporting its expansion plans with the introduction of products and services aimed at reducing mold costs by improving processing efficiencies, reducing supply chains and providing access to customer information online.

The initiatives announced include the “pro’ Series of products and designs, the S3 turnkey program and a resource-based Web site (www.profine.com).

TPE Solutions to distribute Advanced Polymer Alloys

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Wilmington, Del.-based Advanced Polymer Alloys, a division of Ferro Corp., a supplier of melt-processible elastomers (MPEs), announced Shirley, Mass.-based TPE Solutions Inc. has been added as a distributor of its products.

Advanced Polymer Alloys also announced the two companies have agreed to partner together to develop new elastomer materials.

TPE Solutions will distribute Advanced Polymer Alloys’ entire product line, including Alcryn MPR), DuraGrip TPE and DuraMax. As part of the new relationship, the two companies will collaborate on new product development projects.

Synventive bought by equity firm

One of the world’s largest designers, manufacturers and suppliers of hot runners and other components to the injection molding industry, Synventive Molding Solutions, has been purchased by a private equity investment firm.

Boston, Mass.-based Advent International said it would provide Synventive financial and strategic resources to help the firm achieve its five-year growth plan. Synventive’s goals are to improve its product line, both through innovation within the company, and through possible acquisitions, and to focus more energy on the customer.

Synventive is headquartered in Peabody, Mass. in North America.

The firm also plans to continue expanding globally into new markets, as it did recently by opening a facility in China.

“Synventive will continue with its current strategy, which is to become the supplier of first choice to the plastic injection molding industry. We will earn that position by continuing to lead with new product innovation, continue to shorten product delivery cycle time, improve our product quality and continue to increase the value of our systems in the plastic injection molding business. Just as important, we will also continue to enhance our sales, application engineering and post sales service support,” said Dale Barnhart, president and CEO of Synventive.

Davis-Standard buys Merritt Extruder Corp.

Davis-Standard LLC, announced earlier this month it has purchased Merritt Extruder Corp., in Hamden, Conn.

“This is a very positive development for Davis-Standard, Merritt and our joint customer base,” said Jim Murphy, vice-president of Davis-Standard. “Merritt is a well-known respected brand name within the industry. The combination of Davis-Standard and Merritt will enable our joined forces to more effectively support our customers.”

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