PETpla.net Insider 09 / 2014

NEWS 8 PET planet insider Vol. 15 No. 09/14 www.petpla.net CCL Industries signs binding agreement to acquire Bandfix AG in Switzerland CCL Industries Inc., a global manufacturer of label and packaging products, announced that it has signed a binding agreement to acquire Bandfix AG, located near Zurich, Switzerland. Bandfix is a privately owned label company increasingly focused on European specialty customers with estimated sales for the calendar year of 2014 of USD47 million and anticipated adjusted EBITDA of approximately USD3,5 million. The agreed debt and cash free enterprise value is USD18,0 million sub- ject to customary closing adjustments. CCL also announced that the operation will change its trading name post close to CCL Label, Switzerland. CCL Industries employs approximately 10,100 people and operates 97 produc- tion facilities in 27 countries on five continents with corporate offices in Toronto, Canada, and Framingham, Massachusetts. CCL Label is the world’s largest con- verter of pressure sensitive and extruded film materials. www.cclind.com Plastic Technologies, Toyo Seikan enter into PET bottle technology agreement for the U.S. market Plastic Technologies, Inc. (PTI), a global player PET package development, announced that it has entered into a representation agreement with Toyo Seikan Co., Ltd., Tokyo. PTI will be the exclusive U.S. agent responsible for the sales and licensing of several new Toyo Seikan PET bottle processing technologies for pack- aging applications. One of the areas that the two companies will be working together on is new foamed PET bottle technology which produces lightweight containers with good bar- rier attributes and special visual/tactile attributes. The companies are expected to unveil more details about the new technology, and its potential impact on beverage packaging in the United States, in the coming months. “PTI has been a developer and integrator of new packaging technologies for many well-known brands in the United States. Due to our compatible areas of inter- est and ongoing working relationship, it was logical to take the relationship to a more formal level. PTI’s extensive PET expertise and long-standing client relationships will be a big asset in helping us commercialize our proven technologies in the U.S. marketplace,” said Toshio Sue, deputy head of technical headquarters, Toyo Seikan. www.toyo-seikan.co.jp/e/  www.plastictechnologies.com Husky World Tour makes stop in Mexico and holds specialty closures conference In June 2014, Husky Injection Molding Systems hosted the first event of its Husky World Tour for 2014, a specialty closures conference at its technical center in Cuajimalpa, Mexico. This event featured in-depth presentations and discussions with nearly forty attendees, made up of both current and prospective customers. The one-day event included networking opportunities and presentations from industry experts, including Greg Lathrop from Unilever, Anthi Balafoutis from MMC Packaging, and Javier Ortiz from IHS Chemical, discussing current trends in the design and manufacture of specialty closures. Highlights from the event included technical presentations from Husky subject matter experts, covering topics such as specialty closure mould technologies for complex applications and using process and productivity monitoring to improve plant efficiencies. The Husky World Tour 2014 is a series of global customer events taking place throughout the year, in various locations across the globe. With multiple events spanning multiple locations, the tour gives companies more direct access to Husky’s latest technologies at a local level. Other Husky World Tour events are scheduled for 2014, including a specialty closures conference in Bangkok in November and a beverage packaging conference in Casablanca in November. www.husky.ca The plastic closure company committed to your success BERI CAP Technology Research and Development Mould Technology | Global Presence Capping Technology and Know-How Innovation and Flexibility www.bericap.com