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Wednesday, 02-Jul-08: Johnson Controls buys Plastech´s interiors unit
DETROIT (July 2, 4:30 p.m. EDT) -- Automakers are staggering from the industry’s downturn, but the auto supply business may have just regained some stability as Johnson Controls Inc. takes over the interiors operation of bankrupt Plastech Engineered Products Inc.; Lego taking production back in-house
BILLUND, DENMARK (July 2, 3:50 p.m. EDT) -- Toy maker Lego A/S said July 1 it will end its outsourcing agreement with electronics manufacturer Flextronics International Ltd. in 2009. The Danish firm will take over Lego production from Flextronics factories in Juárez, Mexico, and Nyíregyháza, Hungary.; Maker of EcoHangers raises $10 million
NEW YORK (July 2, 2:45 p.m. EDT) -- Hanger Network Inc. has raised $10 million in a second fund-raising round to expand distribution of its EcoHangers made of plastic and paper. The 5-year-old firm claims to have grown 500 percent since 2005.; Ideal Tool gets new owner, somewhat-new name
MEADVILLE, PA. (July 2, 12:35 p.m. EDT) -- Joint Venture Tool & Mold LLC has acquired Ideal Tool Co. Inc., picking up new capabilities in molding, more employees, a larger customer base and a new home and name.; Australian state proposes bag ban
ADELAIDE, AUSTRALIA (July 2, 12:05 p.m. EDT) -- Retailers say a proposed ban in the state of South Australia on free high density polyethylene shopping bags would be simply “poor politics.”
Tuesday, 01-Jul-08: Green design can bolster bottom line
CHICAGO (July 1, 5:15 p.m. EDT) -- “Going green” will demand changes in how people live, design products and operate businesses, but also can more than pay for itself. That was the message from a pair of sustainability experts at a "Greenstorming" workshop June 26 in Northbrook.; Recycling bills pending in New York, Rhode Island
NEW YORK (July 1, 1:40 p.m. EDT) -- Plastic bag recycling bills awaiting governors´ signatures would make New York and Rhode Island the second and third states in the U.S. to mandate statewide in-store plastic bag recycling.; Recently resurrected Solutia may sell nylon unit
ST. LOUIS (July 1, 11:15 a.m. EDT) -- Solutia Inc. is considering the sale of its nylon business - a unit that generated just over half, or $1.9 billion, of the firm’s sales in 2007. The company operated in Chapter 11 bankruptcy for more than four years before exiting Feb. 28.; Armada relocates to nearby facility
TEMECULA, CALIF. (July 1, 10:25 a.m. EDT) -- Custom thermoformer Armada Industries Inc. has moved about a mile in Temecula into a facility it´s leasing from Western Plastics.
Monday, 30-Jun-08: Plastech details uncovered despite lawyers´ efforts
DEARBORN, MICH. (June 30, 6:35 p.m. EDT) -- As the five-month, breakneck bankruptcy case of Plastech Engineered Products Inc. comes to a close, a final chapter was written last week when Crain’s Detroit Business, a sister publication of Plastics News, obtained documents Plastech’s lawyers had tried to keep private: compensation details for Brown, her husband Jim and eight other family members.; Hicks acquiring Graham in $3.2 billion pact
YORK, PA. (June 30, 5:15 p.m. EDT) -- Dallas-based Hicks Acquisition Co. Inc. said it will buy Graham Packaging Holdings Co. in a deal worth $3.2 billion, and it plans to take the bottle maker public. HAC, founded by Texas Rangers owner Thomas Hicks, will own 66 percent of Graham shares. The current owners, Blackstone Group and Graham Group, will hold the remaining 34 percent.; Teamwork paying off big for BASF in furniture
CHICAGO (June 30, 1:10 p.m. EDT) -- A team consisting of a designer, a material supplier and a molder collaborated successfully to produce a breakthrough product: an all-plastic cantilevered chair. The Myto chair made its North American debut recently at NeoCon World’s Trade Fair in Chicago.; Chemtura opts to stay stand-alone firm
MIDDLEBURY, CONN. (June 30, 11:30 a.m. EDT) -- After thoroughly exploring a potential sale, merger or other business combination involving the entire company, Chemtura Corp. has decided to stay as one firm.
Friday, 27-Jun-08: Progressive Systems relocates HQ plant
MINNEAPOLIS (June 27, 5:20 p.m. EDT) -- Machinery manufacturer Progressive Systems Inc. is relocating its headquarters from Minneapolis to nearby suburb Anoka, Minn.; Recycling Professionals closes up shop
PORTLAND, ORE. (June 27, 5:10 p.m. EDT) -- A month after saying that the polystyrene food-service recycling business on the West Coast was at “a crisis point,” Larry McIntyre has shuttered his business, ending a 15-year effort to recycle PS from schools.