March 11, 2015
Key Technology appoints Golden State Food Machinery as sales representative in Western U.S. region
Key Technology announces the appointment of Golden State Food Machinery, Inc. as its exclusive sales representative in California, south of Fresno; Nevada, excluding the Reno metropolitan area; and all of Arizona and Hawaii. Golden State is responsible for the sale of Key’s automated inspection and sorting systems, specialized conveying, and processing equipment to food processing customers in these areas.
Pactiv Completes Purchase of PWP Industries
Pactiv Corporation announced it has completed its purchase of the stock of PWP Industries, a leading manufacturer of APET (amorphous polyethylene terephthalate) disposable products. PWP’s 2009 sales were approximately $140 million. The purchase price of the acquisition is $200 million. The transaction has been financed through use of the Company’s revolving credit agreement. PWP primarily manufactures a range of APET foodservice containers for several channels, including packer processor bakeries, supermarkets, and quick service restaurants.
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