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January 29, 2014
3 Min Read
Bemis Reaches Agreement to Sell Menasha, WI and Tulsa, OK Facilities to Exopack
Bemis Company, Inc. has signed a definitive agreement to sell the Company’s Menasha, Wisconsin, and Catoosa (Tulsa), Oklahoma, facilities to Exopack Holding Corp. (“Exopack”), an affiliate of private investment firm Sun Capital Partners, Inc. The purchase price for the transaction is approximately $81 million payable in cash at closing, subject to certain post-closing adjustments. Terms of the transaction, which include production equipment and intellectual property, were not disclosed. The two facilities focus on the production of plastic packaging for retail natural cheese and shrink bags for fresh red meat.
Pat Sharkey, Morrison Container Handling Solutions Automation Specialist Dies
Pat Sharkey, Morrison Container Handling Solutions Automation Specialist passed away on May 30, 2010, at the age of 59. At Morrison, where he also worked as a Packaging Machinery Manufacturers Institute (PMMI) Certified Trainer, Pat Sharkey was responsible for providing customers with highly interactive and performance-based training to optimize line efficiency, employee safety and equipment reliability. He was actively involved in the development of the new Mechatronics Program at Purdue University Calumet, which is designed to train the next generation workforce for the emerging field of engineering technology combining mechanical design and electrical control for the packaging industry.
Kraton Polymers Announces European SIS Price Increase
Kraton Polymers LLC (together with its direct and indirect subsidiaries, "Kraton"), a leading global producer of styrenic block copolymers, announces a general price increase in Europe, Africa and the Middle East of Euro 200 /MT for Kraton SIS and SIBS polymers across all markets and end-uses. Subject to the terms of any applicable contracts, these price increases will take effect July 15, 2010.
Aaron Thomas Company Triples Contract Packaging Operations in Chicago
Aaron Thomas Company, Inc., the opening of a 420,000 square foot contract packaging, warehousing and distribution center in Lockport, Illinois. Aaron Thomas Company originally moved to Chicago in 2005. The new packaging facility in Chicago triples the size of their old building in Bolingbrook, Illinois. Located just 45 minutes from downtown Chicago, the Lockport facility will provide contract packaging services to manufacturers of the upper Midwest.
New Rotoflex VSI Machines Going to Germany and Canada
Astro-Med, Inc. has selected two Rotoflex VSI400 inspection rewind machines designed to deliver high quality labels to end-users in North America and Europe, as well as end-use labels and label products to their diverse global markets. The Rotoflex machines were selected to ensure quality inspection and delivery of custom flexo labels and digitally printed labels.
Key Technology Appoints Joel Bustos as Senior Vice President of Global Operations
Key Technology announces the appointment of Joel Bustos as Senior Vice President of Global Operations. Bustos is responsible for planning and managing all aspects of Key’s operations in support of the company’s overall strategic objectives to deliver world-class automated inspection, specialized conveying, and product preparation systems to customers. Bustos brings 19 years of business and operational leadership experience to his position at Key. Most recently, he was Vice President of Operations at Aehr Test Systems.
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