Newsmakers 1555
January 29, 2014
MOVERS & SHAKERS
Windmoeller & Hoelscher Corp. hires Tom Apple as technical sales manager—Midwest Region.
Bemis Co., Inc. elects Henry J. Theisen president and CEO to succeed Jeffrey H. Curler, who continues as executive chairman, and elects Holly Van Deursen to the board of directors.
ABB appoints Greg Scheu, currently senior vp of ABB's Automation Products Div. in North America, as head of ABB's Power Products Div. in North America and Rick Hepperla, who currently serves as a local business unit manager of ABB's North American low voltage drives unit, to fill Scheu's vacancy.
Crown Holdings, Inc. names Brian Rogers vp of its CROWN Bevcan Europe and Middle East business unit. Rogers previously served as area manufacturing manager for Crown's beverage can operations in North America.
Package Development Co., Inc. hires Matt Mustachio as executive vp.
Prism North America appoints David Noll to its sales force.
Screen (USA) appoints Jeff Skolnik as southern regional sales manager.
Unisource Worldwide, Inc. appoints Jeff Small to oversee sales and business development operations in Atlanta; Jeff Hoeppner to direct packaging and facility-supplies sales and business development efforts in Columbus and Cincinnati. OH and Jim Stoll, stretch film specialist, responsible for stretch-film segment sales and business development in Columbus and Cincinnati.
Westfalia Technologies, Inc. names James Miller to business development and Bill Daniel as account executive for automated storage and retrieval systems.
The Visual Pak Companies appoint Dan Brosseau vp, sales.
Sonoco elects M. Jack Sanders as executive vp, industrial.
FP Intl, promotes Joe Nezwek to president and Jim Taylor, COO and CFO. Arthur Graham remains chairman of the board and becomes CEO.
GROWING AND MOVING
ALLIEDFLEX® Technologies, Inc. relocates to a new facility in Sarasota, FL that will serve as a technical sales center for its global standup-pouch machinery program.
FKI Logistex® forms the Solutions Development Group to provide integrated supply-chain solutions to its North-American customers on an accelerated schedule.
Flint Group forms the new global business unit Flint Group Flexographic Products, which combines the Flint Group Printing Plates activities with the rotec sleeve business.
G3 Enterprises expands its cap-manufacturing plant in Modesto, CA.
Stora Enso finalizes the divestment of Stora Enso North America Inc., its North American subsidiary, to NewPage Corp., and establishes a new sales office in Stamford, CT, to serve North American customers with paper produced in Europe. Peter Mersmann continues to head the sales office and Packaging Papers products are represented by Michael Walsh.
Toray Industries, Inc. establishes Toray Films Europe S.A.S. in France to construct a facility to produce Torayfan® (biaxially oriented polypropylene, high-barrier, metallized film). Toray plans to invest approximately 10 billion yen in this project, and the facilities are expected to start operations in April 2010.
Arkay Packaging Corp. adds a 62,000-sq-ft, $4.5-million expansion, essentially doubling the size of its Roanoke, VA, facility.
BUYING AND SELLING
Naturally Iowa, Inc. acquires PLA Supply Co,
Gerresheimer acquires the Spanish company EDP for an undisclosed amount. EDP, which specializes in PET containers for the pharmaceutical industry, has production plants in Zaragoza and Valencia, Spain and Buenos Aires, Argentina.
DE-STA-CO, an operating company within the Material Handling platform of Dover Corp.'s Industrial Products segment, acquires Industrial Motion Control.
Graphic Packaging Corp. combines with Altivity Packaging, LLC.
Multi-Color Corp. acquires Collotype Intl. Holdings Pty., Ltd., for approximately $175 million plus an additional $10 million upon achieving certain financial targets.
Sumitomo Heavy Industries, Ltd. acquires Demag Ergotech GmbH and Van Dorn Demag Corp. Demag and Van Dorn are group companies of MPM Holdings.
W. P. Carey & Co. LLC announces that its REIT affiliate, CPA®:16–Global, and its newest fund, CPA®:17–Global, have jointly acquired three facilities from Berry Plastics Corp., for approximately $87 million. This transaction follows a $33-million sale/leaseback CPA®:15 completed with Berry Plastics in 2003 and includes its headquarters and largest production facility in Evansville, IN, a manufacturing facility in Baltimore, and a facility in Lawrence, KS. All facilities are being leased back to Berry Plastics on a long-term basis.
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