Page 56 - Plastics News July 2019

BusiNess News

Inteplast investing $20 million for Milacron completes $51M sale

a project of Uniloy blow molding business

nteplast Group is expanding its manufacturing footprint ilacron Holdings Corp. said July 2 it has completed
Ifor stretch film with a $20 million project in Indiana.The Mthe sale of its Uniloy blow molding machinery
Livingsto .-based company, through its AmTopp division, business to two private equity firms, and Milacron
has acquired an existing 350,000-square-foot facility in announced the price: nearly $51.9 million. On July
Remington, Ind., with an eye toward cutting delivery 3, Uniloy issued its own announcement that the deal
is complete for Uniloy's U.S. and European operations.
Transactions related to Mexico and India are expected
to follow in the third quarter. The new owners will
transfer Uniloy's U.S. production from Milacron's
factory in Batavia, Ohio, to Uniloy's global headquarters
in Tecumseh, Mich., where the manufacturing will join
Uniloy's mold making operations.Uniloy will retain
its global footprint. In Europe, the Magenta, Italy,
facility will be the European technical center. The
times to customers in the Midwest. Work already has blow molding machinery company also has employees
begun on the site, and the new location is expected to be based in Germany, the Czech Republic and the United
operational by later next year, said Scott Stevens, AmTopp Kingdom. In Latin America, Uniloy will continue to
stretch film senior director of product and business serve the aftermarket needs of customers through
development. The Indiana location joins existing stretch a technical center in Querétaro, once that sale is
film sites in Houston; Lolita, Texas; Charlotte, N.C.; and completed for Uniloy's Mexico business. For Asia,
Phoenix. "I just think the market is very competitive and it Uniloy will continue to sell blow molding machinery
will be more competitive moving forward," Stevens said. manufactured in India. Regional sales and service firms
"It's all about providing our current customer base good in South America, the United Kingdom and Asia will
quality films and also being able to service them in a faster to continue to support the global coverage, Uniloy
fashion." AmTopp initially plans to install two film lines officials said. Milacron purchased Uniloy in 1998, and
at the location that also will provide plenty of room for the sale of another unit of the machinery maker could
warehousing and distribution operations. The building's be coming. A June 28 report in Bloomberg said Milacron
size allows for the potential installation of more lines in
the future.The new project will add 60 million pounds
of production capacity, pushing the total capacity to 445
million pounds at AmTopp stretch film locations around
the country.With a competitive market, and the company's
history of growth, Stevens said additional locations could
be considered in the future for other geographic areas "I
don't think it's ever off the table. You have to have plans
... on what your expectations of growth are going to be.
We've grown quite a bit over the last several years. I do
not anticipate this is going to be the last one," he said. may be considering a sale of its Cimcool metalworking
AmTopp currently is in the process of hiring its first 20 fluid business, citing unnamed sources. Milacron had no
employees for the new site and expects employment to comment on the Bloomberg story.Brian Marston, who
hit 60 to 70 by the time full production begins by the was president of Milacron's blow molding and extrusion
fourth quarter of next year. The company, in a statement, business, is now Uniloy's president and CEO. He said
indicated its complete line of films, including wraps, hand Uniloy will focus on innovation, customer solutions and
films and pre-stretch films will be made in Remington. being a great workplace.

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