It’s a hot M&A market for … labels? One trend we’ve noticed at Plastics News is an usual number of ownership changes for label making companies, a niche of the plastics film and packaging industry that usually doesn’t see a lot of attention. Private equity firm Clayton, Dubilier & Rice LLC just announced a deal to buy two label suppliers — Multi-Color Corp. of Cincinnati and Elk Grove, Ill.-based Fort…
Reshoring accelerated during the pandemic. The closure of whole cities in China disrupted manufacturing, as did the rise in companies making products in America as inventories dwindled and shipping slowed. Lesson learned: Made in the USA is the best way to ensure a reliable supply chain. “The current reshoring of manufacturing, especially in the packaging industry, has benefitted North American companies, and we think this is going to continue both…
Have you checked out Plastics Technology’s upcoming Extrusion 2021 Conference? It’s going to be held Sept. 21-23 at the Donald E. Stephens Convention Center in Rosemont, Ill., a short drive from O’Hare Airport. Over the course of two-and-half+ days, attendees will be able to sit in on presentations from more than 70 technical experts covering a wide range of subject areas. We’re organizing our program the same way we’ve been…
The American Chemistry Council has met with more than 30 Congressional offices and is advocating strongly … for R&D and federal funding to help enable sustainable automotive solutions.
Recently, seven finalist teams competed with autonomous virtual racers on a digital replica of the famous Indianapolis Motor Speedway (IMS) racecourse. The official Indy Autonomous Challenge (IAC) IAC organizers include the Energy Systems Network (ESN) and IMS. Both have been collaborating with Ansys – the designers of the simulated IMS track – on the final virtual race. Before university teams from around the globe compete in the physical Indy Autonomous…
Japan’s Toray is opening the doors of its Resins Technical Center at its Automotive Center Europe (AMCEU) near Munich. The new facility will support Toray Resins Europe GmbH, which markets and sells high-performance resin compounds. The main mission is to support customer application development by swiftly providing technical data, assisting with part design optimization through CAE simulation and innovative material and defect analyses and evaluations. With this facility, Toray will…
Las Vegas-based injection molding and tooling firm Westfall Technik Inc. has acquired Carolina Precision Plastics LLC, giving Westfall plants in China and North Carolina.
An Indiana-based investment firm, South Central Inc., is buying rotomolder Fibertech with plans to add more plastics companies to its holdings.
Mike Burns of RTI competed at a national event in Florida last month.
Louisiana has become the 14th state since 2017 to show enough confidence in advanced recycling, also known as chemical recycling, to unanimously pass a bipartisan bill in support of it during the current legislative session. As in other states that have passed similar laws paving the way for chemical recycling, Senate Bill 97 was met with disdain by environmentalists. Environmental advocates warned that the chemical recycling process is “unproven” and could…