Longwood Elastomers buys Eagle-Picher Rubber Molding.
The BMH Division of Babcock International Group PLC (a company quoted on the London Stock Exchange) has acquired Chronos Holdings Ltd. and all the companies in the Chronos Richardson Group around the world. The company names will be amended to reflect the change of ownership by inserting BMH in front of Chronos Richardson. BMH Chronos Richardson will continue to focus its business in weighing, bagging and batching systems market segments.
Cooper Tire & Rubber, Findlay, OH, completed the sale of its Holm Industries subsidiary to an affiliate of Madison Capital Partners, a Chicago, IL-based investment firm with holdings in plastics and capital equipment. The cash consideration for the business totaled approximately $100 million. Holm Industries was the largest business unit in Cooper's Plastics Division, which Cooper previously had announced would be sold. Holm, which had revenues of approximately $120 million in 1999, is a producer of extruded plastic sealing products for the appliance and construction industries. Through its OEM/Miller unit, which was included in the deal, Holm is also a producer of corrugated plastic tubing for the appliance and automotive industries.
Goodyear Tire & Rubber, Akron, OH, announced it will build a $16 million plant in Mexico to make molded transportation products, such as engine and shock mounts. The plant will be Goodyear's fifth factory in Mexico. Goodyear plans to begin construction in the fall and begin production in the first quarter of next year, although it has not selected a site. Goodyear opened two new Gemini automotive care centers in June as part of its ongoing plan to increase the number of company-owned stores. The new locations are located in Allen, TX and Aurora, CO. Goodyear operates more than 700 company-owned Gemini outlets in the United States. Combined with independent dealerships, there are more than 1,700 Gemini locations nationwide.
Uniroyal Chemical, Middlebury, CT, a business of Crompton, has started up its Adiprene low-free TDI (toulene diisocyanate) urethane prepolymer plant in Latina, Italy. The facility, which is the first outside the United States, represents a multi-million dollar investment that is said to provide customers with an alternative to conventional urethane prepolymers having higher free TDI content. The company currently operates two Adiprene LFTDI plants in Gastonia, NC.
Solutia, St. Louis, MO, has agreed to sell its polymer modifiers business and related manufacturing facilities to Ferro, Cleveland, OH. The price for the transaction was not announced. Closing is expected later this summer. Under the definitive agreement, Ferro would acquire the business, including the Santicizer brand of plasticizers, as well as Solutia's Delaware River plant in Bridgeport, NJ, and other assets. Ferro also would acquire additional manufacturing units in the Solutia plant at Newport, Wales, U.K., and in a plant owned by Monsanto (a unit of Pharmacia) in Antwerp, Belgium. Solutia would retain ownership of the unit at Delaware River used to manufacture Tetrathal flame retardant. Each unit would be operated by the plant's primary owner under a long-term agreement. Approximately 200 Solutia employees would become employees of Ferro. With annual sales of approximately $140 million, Solutia's polymer modifiers business includes specialty plasticizers and benzyl chloride.
Synthomer, a fully owned subsidiary of Yule Catto & Co., PLC, announced a $25 million investment in a synthetic latex plant in Malaysia. This plant is being built to service the rapidly expanding demand for specialty latex in Southeast Asia, particularly in the glove dipping industry. The plant will have an initial capacity of 40,000 mt and is planned to start production in January 2002. It will be located adjacent to an established Yule Catto site in Kluang, Johor State, and will be supported by an existing Synthomer sales office in Petaling Jaya, near Kuala Lumpur.
Applied Tech Products, Radnor, PA, formerly SKM Applied Technology Partners, announced the acquisition of UPT Plastics, Tempe, AZ. UPT Plastics is an advanced injection molder of precision plastic components and assemblies for the medical, telecommunications, electronic, consumer and industrial markets. In addition, Owens Packaging, an affiliate of UPT Plastics that serves packaging customers, is also being acquired and will be integrated into UPT Plastics.
Patch Rubber, Roanoke Rapids, NC, expanded its industrial rubber products capabilities with the addition of a pin-barrel roller-head extruder. The equipment extrudes rubber in single-ply sheets and rolls up to 1" thick by 48" wide in one pass. Patch Rubber, a division of Myers Industries, also expanded cement manufacturing capabilities and capacity with a 10,000 sq. ft. addition to its cement house. This addition gives Patch Rubber a total of 27,000 sq. ft. for cement manufacturing, enabling the company to meet increased demand for its line of tire retreading, repair and specialized industrial adhesives.
Polymer 5, Akron, OH, a specialty additives compounder, has introduced its line of thermoplastic additive concentrates. The company produces small lot additive concentrates for the thermoplastics market. Polymer 5's line of concentrates includes blowing agents, peroxides, UV, anti-static, slip, non-halogenated flame retardants and silanes. Polymer 5 also offers material development services.
Dexter and Loctite, U.S. affiliates of Henkel KGaA, Dusseldorf, Germany, entered into a definitive agreement on the sale of most of Dexter's specialty polymer business to the Henkel Group. The business comprises special products for the assembly of components on printed circuit boards and the manufacture of electronic components, as well as adhesives for specific industrial applications, particularly in the aerospace industry. The agreed total purchase price is $400 million. The agreement has received the approval of the board of Dexter and the management board of Henkel, but is still subject to requisite regulatory clearances and the approval of the Gesellschafterausschuss (shareholders committee) of Henkel KGaA. Henkel is a worldwide specialist in adhesives, brand-name products and in industrial specialties with affiliates in over 70 countries. With over 56,600 employees, Henkel generated sales of 3 billion Euro in the first quarter of 2000.
Bayer, Pittsburgh, PA, has acquired U.S.-based Hughes Industrial of Kennesaw, GA. The deal gives Bayer a wide range of specialty blowing agents used in rigid vinyl processing applications, including profile, pipe and sheet extrusion. Terms of the agreement were not announced.
Cancarb has completed a $28 million (Canadian) expansion of its plant in Medicine Hat, Alberta, Canada. Together with an expansion completed in 1996, the two investments have increased Cancarb's capacity by 66%. Cancarb is now capable of producing 45,000 mt per year of thermal carbon black.
Columbian Chemicals, Atlanta, GA, acquired the remaining 40% share of its carbon black manufacturing facility in Hungary from joint-venture partner Tiszai Vegyi Kombinat Rt. (TVK) for $19 million. The state-of-the-art plant, located in Tiszaujvaros in northeastern Hungary, was built by Columbian Chemicals in 1993 and is said to be the newest carbon black facility in Europe.
Hercules Rubber, Findlay, OH, a division of Hercules Tire and Rubber, plans the installation of a 270 Farrel Banbury mixer in its Findlay facility. This addition will increase mixing capacity by 20% and increase capabilities to service the retread and custom mixing industries.
DSM Engineering Plastics announced the expansion of its main production facility in Evansville, IN. DSM is adding 50,000 sq. ft. of space and has installed a state-of-the-art twin screw extrusion line which will increase compounding capacity by over 15 million pounds.
Parker Hannifin, Cleveland, OH, and Wynn's International entered into an agreement for Parker to acquire Wynn's International in a cash tender offer with an enterprise value of approximately $497 million. Wynn's is a manufacturer of precision-engineered sealing media for the automotive market, heavy duty trucks, industry and aerospace. Parker serves all of these markets, with particular strength in sealing technologies for commercial and industrial applications, such as telecommunications and petrochemicals.
To satisfy an increasing demand for its flame retardant polyolefin compounds, Gitto/Global announced a 15 million pound expansion of its annual production capacity, scheduled to come on-stream by year end 2000. A new production line based on continuous mixing technology will enable Gitto/Global to expand its current product offerings in halogen and non-halogen flame retardant compounds based on polypropylene, polyethylene, thermoplastic elastomers and styrenic resin systems.
Ciba Specialty Chemicals, Basel, Switzerland, a supplier of polymer additives, has acquired the Amosorb 2000 inorganic oxygen absorber line from BP Amoco. Ciba plans to market these additives globally under the Ciba Shelfplus name as part of its strategy to expand its range of additive technology for the packaging industry.
Demag Ergotech USA, a German-based producer of injection molding equipment, is expanding its North American presence through a reorganization announced this month. The manufacturer will officially end its strategic alliance with Van Dorn Demag and will report directly to Demag Ergotech GmbH in Nurnberg, Germany. In 1999, Demag Ergotech USA produced $40 million in sales, which represents 50% of the company's sales outside of Europe. Plans for reorganization include a move this fall to a 26,000 sq. ft. facility in Strongsville, OH, complete with a demonstration technical center and increased customer support capability.
The Coatings Raw Materials business unit of Degussa-Huls is expanding its polyester capacities in Theodore, AL. The plant will produce saturated polyester resins for highly flexible coil coatings and container coatings.
Durel, Chandler, AZ, a 50/50 joint venture of Rogers and 3M, has decided to make its patented encapsulated phosphor available for purchase by electroluminescent lamp manufacturers. Durel has expanded and will continue to expand its coating capability. In addition, Durel has licensed DuPont to make and sell inks using their inventory of encapsulated phosphor.
American Rubber Products, North Tonawanda, NY, received ISO 9001/QS-9000 registration from Entela, Grand Rapids, MI.
CG Plastics, Comstock Park, MI, received ISO 9002 registration from Entela.
Chase Plastic Services, South Bend, IN and Clarkston, MI, received ISO 9002 registration from Entela.
Cooper Tire & Rubber, Findlay, OH, earned ISO Guide 25 accreditation for its tire testing laboratory.
Dynaloy, Indianapolis, IN, a manufacturer of specialty solvents, received ISO 9001:1994 certification from Perry Johnson Registrars, Southfield, MI.
Eagle Picher, Hillsdale Tool Division, Manchester, TN, received ISO 9001/QS-9000 registration from Entela.
Firestone Building Products, Carmel, IN, announced that its EPDM manufacturing facilities in Prescott, AR and Kingstree, SC have received ISO 14001 registration.
Griffith Rubber Mills, Garrett, IN, received ISO 9002/ QS-9000 registration from Entela.
Mex-am Plastics, Sterling Heights, MI, received ISO 9001/QS-9000 registration from Entela.
Ottawa Plastics, Wayland, MI, received ISO 9002/QS-9000 registration from Entela.
Pinnacle Molded Plastics, Traverse City, MI, received ISO 9002/QS-9000 registration from Entela.
Plastic Mold Technology, Kentwood, MI, received ISO 9001 registration from Entela.
Rocktech Plastics, Rockford, MI, received ISO 9002 registration from Entela.
Smithers Tire & Automotive Testing, a division of Smithers Scientific Services, has been accredited by the American Association for Laboratory Accreditation to ISO/IEC Guide 25-19000 standards to conduct a variety of tests on vehicles and automotive components and systems.
Sur-Flo Plastics & Engineering, Sterling Heights, MI, has received ISO 9001/QS-9000 registration from Entela.
21st Century Plastics, Eaton Rapids, MI, has received ISO 9002/QS-9000 registration from Entela.
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|Comment:||Longwood Elastomers buys Eagle-Picher Rubber Molding.(multiple topics)|
|Article Type:||Statistical Data Included|
|Date:||Jul 1, 2000|
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