Myers Industries completes acquisition of Signature Systems
Myers Industries, Inc., a manufacturer and distributor of industrial products, has announced that it has completed its acquisition of Signature Systems, which was previously announced on January 2, 2024. “We are excited to welcome the Signature team to Myers with the closing of this transaction,” said Mike McGaugh, Chief Executive Officer of Myers Industries. “This acquisition strengthens our growing portfolio of market-leading brands, enhances our profitability profile, and demonstrates Myers’ capability as a platform for acquisitive growth. With a strong runway of future growth, due to increasing infrastructure investments over the next decade, we believe Signature’s sustainable competitive advantage, strong earnings growth, and free cashflow profile will help us accelerate EPS growth and achieve our long-term strategic objectives.” The cash transaction of $350 million was funded through an amendment and restatement of Myers’ existing loan agreement, which maintained a $250 million revolving credit facility and added a new $400 million 5-year senior secured term loan A (collectively, the “Loan Agreement”). The term loan A was increased by $50 million from the amount initially contemplated. These combined senior secured loan agreements enhance Myers’ overall liquidity profile and capacity for future potential acquisitions. Pro forma for the acquisition, the Company’s net leverage ratio is approximately 3.0x, which is within management’s target range. The financial results of Signature Systems are expected to be included within Myers’ Material Handling segment. Chief Financial Officer Grant Fitz commented, “As mentioned in January, this transaction is expected to be neutral to slightly dilutive to US GAAP EPS in fiscal year 2024, and we anticipate Signature will deliver EPS accretion of $0.20 to $0.30 in 2025 and $0.40 to $0.50 in 2026 with additional meaningful EPS accretion beyond 2026. We also expect annualized run-rate operational and cost synergies of $8 million to be fully captured by 2025 with additional synergies to be realized once Signature has an opportunity to leverage the Myers Business System. Excluding other potential opportunities that may come forward, we anticipate using the free cash flow generated from the combined Myers and Signature company to allow Myers to reduce the net leverage ratio below 2.0x within two years of the closing of this transaction.” Moelis & Company LLC served as the exclusive financial advisor to Myers concerning the transaction, while Vorys, Sater, Seymour, and Pease LLP and Davis Polk & Wardwell LLP provided legal counsel. William Blair & Company LLC served as exclusive financial advisor and Honigman LLP served as legal counsel to Signature. The Loan Agreement was led by J.P. Morgan Chase, U.S. Bank National, Wells Fargo Bank and KeyBank National.
Cimcorp to feature end-to-end automation for fresh food distribution at MODEX 2024
MODEX 2024 booth #B6019, attendees will discover how Cimcorp’s automation helps grocery retailers, bakeries, and dairies improve speed, sanitation, and sustainability Cimcorp, an intralogistics automation specializing in fresh food handling and tire-handling solutions, will exhibit at MODEX 2024 booth #B6019. The company will showcase its comprehensive range of automated storage and order-picking systems, specifically designed to optimize fresh and perishable food distribution for grocery retailers, bakeries, and dairies. MODEX attendees will have the opportunity to explore Cimcorp’s technology through interactive demonstrations and discussions with company experts. As a trusted automation partner, Cimcorp helps grocery retailers transform warehousing operations through efficient product handling. Cimcorp’s modular systems combine gantry robots, intelligent software, AS/RS, AGVs, conveyors, shuttles, palletizers, and more to optimize operations from end to end, boost productivity, and improve overall performance. Additionally, Cimcorp offers continuous maintenance through its Success Services—including spare parts, training, and 24/7 support—to help customers secure a lifecycle of 20 years or more for their automation technology. Throughout the show, MODEX attendees can meet with Cimcorp representatives to discuss their biggest operational challenges and explore how Cimcorp’s solutions: Modernize order fulfillment for fresh produce, dairy products, and baked goods Minimize lead times and maximize freshness for perishable foods Save costs and time by retrofitting existing facilities Support supply chain sustainability efforts Ensure 100-percent uptime, backed by lifetime support Notably, Cimcorp will highlight its flexible, modular solution for retrofitting existing distribution centers with automation. The solution enables rapid installation in any existing facility footprint and allows grocery retailers to introduce automation modules based on present needs, with the ability to scale as the business grows. “We’re excited to highlight our end-to-end automation at MODEX 2024! Automation is the future of fresh food distribution, and our unique solutions make it easier than ever to get started with automation in a way that is quick, cost-effective, scalable, and sustainable,” said Adam Gurga, National Manager of Grocery and Retail Partnerships, Cimcorp. “Equipped with Cimcorp technology and support, our clients can future-proof their operations and delight their customers with the freshest products for years to come.”
Omega Design Corp. hires New Regional Sales Manager
Experienced sales executive Matthew Powers will lead sales efforts for prominent packaging machinery provider throughout the North-Central United States Omega Design Corporation has hired industry veteran Matthew Powers as its newest Regional Sales Manager. Reporting directly to the Director of Sales Operations, Powers will be responsible for developing and maintaining customer relationships, expanding overall sales, and extending Omega Design’s market share in the North Central US region. Powers brings a wealth of sales and entrepreneurial experience to his role with Omega Design. Among other positions, he served as Western US Sales Manager for pharmaceutical solid-dose equipment supplier Freund-Vector Corp., National Sales & Business Head for packaging and coding machinery company Pharmapack North America Corp., and Senior Global Sales Engineer for tableting equipment manufacturer Thomas Engineering. Earlier in his career, he owned a successful water filtration and purification company. Powers joins Omega Design at a promising time. The company is rolling out several new solutions aligning with growing market needs, including desire for increased automation. For example, Omega Design recently introduced an Automatic Robotic Bottle Unscrambler, which provides smarter sorting with a pick-and-place robot module that separates, orients, and positions bottles onto a conveyor or into stabilizing pucks. The versatile module is ideal for applications running complex or multiple bottle shapes, including a broad array of containers, bottles, tottles, jars, vials, jugs and tubes. “Matthew has an impressive record of sales generation and customer relationship building – and an equally impressive roster of established, executive-level contacts at an array of pharmaceutical and nutritional companies,” said Glenn Siegele, President of Omega Design Corporation. “His diligence and people skills will serve him well at Omega Design, as we continue to introduce new solutions for an ever-evolving pharma and nutritional manufacturing landscape.” Powers earned degrees in mathematics and molecular biophysics at the University of Illinois. He resides in Wisconsin.
ProVeyance Group debuts new conveyor pulley solutions at MODEX 2024
ProVeyance Group will be exhibiting at MODEX 2024 from March 11th through March 14th at Georgia World Congress Center in Atlanta, Georgia BOOTH #13818. ProVeyance is a North American manufacturer of advanced conveyance components and subsystems for package and material handling applications that go to market through its Woodsage and Ashland brands. The company will be introducing its new Conveyor Pulley product line at the event. ProVeyance’s Woodsage is a supplier of high-quality, precision-manufactured rollers for conveyor and sortation systems. The brand manufactures specialty steel rollers and roller assemblies, including tapered, grooved, motor-driven, sleeved, and precision-fabricated tube products for niche applications. The Ashland brand manufactures and assembles conveyor systems, sub-systems, and related parts and accessories. Ashland offers a standard line of gravity rollers, skatewheel, telescoping gravity, flexible gravity and powered belt conveyors, ball transfers, and tables, along with a complete selection of accessories. “Along with our well-established product lines, I am excited to have the opportunity to introduce Conveyor Pullies as the newest addition to our component products offering stated Tim Carpenter, President & CEO. “Our focus is to deliver the highest quality, conveyor pullies, at industry-best lead times, while ensuring maximum customer satisfaction through our streamlined customer service process.” Visit ProVeyance at Modex Show 2024, where we have more conveyor solutions than ever before. You’ll get a sneak peek at our new Conveyor Pulley offering and the ability to speak with an experienced representative.
Orion announces Darrin Snarr as new Regional Sales Manager
Darrin Snarr has been appointed Regional Sales Manager for Orion, a role in which he will serve as an advisor to end-user customers across 11 states and four Canadian provinces on the West Coast. Orion is a stretch wrapping and pallet unitizing machinery manufacturer of automatic and semi-automatic stretch wrapping equipment, including rotary turntables, rotary towers, and horizontal wrapping systems. Snarr’s resume boasts 15 years in packaging sales, including his most recent position as a packaging consultant for Flexpak where he worked with customers to recommend equipment and training plans. “My new role at Orion offers me so many opportunities to support customers in a variety of ways,” Snarr said. “This company has proven to be an industry leader in stretch wrapping, and I’m excited to join a team that has helped so many users elevate their end-of-line.”
Wrapping machinery manufacturer reports record-breaking year
Another year, another record for the patented TAB Wrapper Tornado. Packaging machinery manufacturer TAB Industries, LLC has broken its record for annual revenue for its TAB Wrapper Tornado orbital wrapping systems. Topping $4 million in 2023 for the first time, the annual sales record was broken in large part due to a 180% increase in sales of the TAB Wrapper Tornado Smart Controls orbital wrappers. These wrapping machines enable a single operator to stretch wrap pallet loads automatically by remote control from a forklift seat in 30 seconds or less. In addition, the company introduced a wave of advances during 2023 that garnered substantial interest among new and repeat customers. Its new plastic film cutting system automatically cuts the end of the stretch wrap after wrapping and eliminates the use of blades; its new wrapping ring design both reduces vibrations and speeds lead times; its new laser cut machine guarding sports a powder-coated, anti-scuff finish; and its new preventative maintenance kits help operators keep their wrappers running in peak condition. When forecasting this record sales increase in 2022, the company embarked on a facility expansion that brought 14,000 additional square feet online in its Reading, Pa. headquarters during 2023. This helped increase manufacturing throughput by 20% and cut lead times to as short as four weeks. The company also formally secured two patents for the TAB Wrapper Tornado orbital wrapping technology during 2023 which drew significant attention for improving pallet wrapping speed and efficiency.
KHS systems combine efficiency with safety
Sensitive beverages and flexible systems and solutions are the topics in focus at the KHS trade show booth for this year’s Anuga FoodTec. With its new InnoPET BloFill ACF-R aseptic block the Dortmund systems supplier wants to set new standards in safety and hygiene when it comes to bottle sterilization. Visitors can also find out all about the latest generation of InnoPET Plasmax barrier technology and the first module in the digital KHS ConnectApp service. “Economic success calls for maximum efficiency and availability in all filling and packaging processes. We provide innovative and resource-saving systems and solutions that fully satisfy all aspects of this demand,” says Tobias Wetzel, CSO of KHS. The most recent example of this is the new rotary InnoPET BloFill ACF-R aseptic block that combines the energy-efficient InnoPET Blomax Series V stretch blow molder with the rotary Innofill PET ACF-R filler for the very first time. Linear filters can process up to 14,000 bottles per hour. In contrast, the rotary aseptic block has a capacity of up to 36,000 1.0-liter bottles per hour and in the future is even to be available with a top output of 48,000 500-milliliter bottles an hour. The new plant engineering achieves a sterility of log 6 inside the bottles – which is equivalent to a reduction in germs of 99.9999%. “Our linear aseptic fillers, also blocked, have long proved themselves in practice in the filling of sensitive beverages into PET bottles, where maximum safety is of the essence. The newly developed rotary aseptic filler in the higher capacity range is thus the next logical step. With this, we also want to set standards regarding the machine’s hygienic properties,” Wetzel promises. Effective protection for sensitive beverages KHS consciously focuses on bottle sterilization that – unlike preform sterilization – can also be combined with the KHS FreshSafe PET coating system and thus offers additional barrier protection for sensitive beverages. In this variant, all potential germs are removed from the containers directly before filling. This process gives bottlers more flexibility and greater availability during format changeovers than preform sterilization, as here changing the stretch blow molds disturbs the sterile state of the block. KHS visitors to the exhibition can also look forward to discovering the latest generation of Plasmax coating technology. With this pioneering technique, a wafer-thin layer of chemically pure glass is applied to the insides of PET bottles, with bottle recyclability nevertheless fully retained. This protects sensitive products such as fruit juice, wine, beer, soft drinks, ketchup, sauces, and other liquid foods from oxidation and loss of CO2, meaning that they keep for considerably longer. KHS has continuously improved this procedure over the years and now brought it up to the next level. The result is better performance, quality and flexibility, and a higher degree of efficiency. Consistent expansion of the digital service portfolio In addition, the turnkey supplier’s range of digital services is now to be supplemented by KHS ConnectApp which provides two major extra benefits: Data-based transparency regarding the key line performance indicators helps with decision-making processes. Support with system operation. The first KHS ConnectApp function is the Guide module that with its interactive work instructions and powerful notification management system helps to ensure trouble-free workflows during inspection and maintenance or when training new employees, for instance. Moreover, all work steps can be documented with the app. “By expanding our digital service portfolio, and especially thanks to the introduction of KHS ConnectApp, we’re laying the foundations for further optimization and efficient organization of the entire system operation and management,” explains Wetzel. The KHS Group will be presenting its plant engineering at Booth B070 C089 in Hall 5.1 at Anuga FoodTec in Cologne, Germany, from March 19 to 22, 2024.
PAC Machinery to show maximum flexibility in packaging options MODEX 2024
PAC Machinery, a packaging industry with a range of equipment, will exhibit at MODEX 2024 several packaging options that save companies money on materials, help increase production, and provide flexible solutions for sustainable packaging. The MODEX Expo is held at the Georgia World Congress Center in Atlanta, GA, March 11-14, 2024. The most exciting and latest option in automatic bagging and fulfillment will be the focal point of PAC Machinery’s exhibit. See the flexible Rollbag® R3200 Fulfillment Automatic Bagger that can run with three different types of material for added cost savings and versatility in sustainable packaging that includes PAC Machinery’s sustainable poly bags made with at least 25% recycled resins (available up to 100% recycled resins). Additionally, the R3200 Fulfillment works with Fiberflex® curbside recyclable paper packaging for plastic-free packaging that will be running on the machine at Modex. This versatile bagger can also run using PAC’s proprietary poly tubing that makes the bag to the length of a product, reducing material usage and cost. “We are excited to showcase the combination of our most versatile bagger with the first-ever paper packaging for automatic bagging, Fiberflex, that is curbside recyclable, said Greg Berguig, Vice President, PAC Machinery. “Fiberflex is a plastic-free packaging option for select PAC Machinery Rollbag bagger models and on one of our flow wrapper models, Berguig said. Paper packaging for packaging automation is one of the newest environmentally friendly advancements in the packaging industry today. Modex attendees can see this new innovative packaging solution at PAC Machinery’s exhibit located at #C4488. PAC Machinery will also be exhibiting the top-selling Rollbag R785 tabletop bagger with a thermal transfer printer – a great first bagging machine with the ability to print directly on the bag. This machine can package items in mailers or clear poly bags up to 12” wide. See PAC’s largest bagger, the R3200XL Fulfillment bagger that works with bags up to 22″ wide x 36″ long. This powerhouse packager is for larger items and gives manufacturers the ability to also print on the bags and right-size the bag to the product for additional savings using poly tubing. In addition, PAC Machinery automatic baggers will be running with poly bags made with at least 25% recycled resins, showcasing sustainable packaging. MODEX 2024 is expected to be the largest supply chain and logistics show of the year and automated packaging equipment and materials with flexibility and sustainability like PAC Machinery will exhibit is sure to be one thrilling and informative exhibit at C4488.
SupplyOne expands beyond the U.S. with its acquisition of Crownhill Packaging
SupplyOne, Inc., an independent supplier of corrugated and other value-added packaging products, equipment, and services in the U.S., announced that it has acquired Crownhill Packaging, a North American packaging distributor headquartered in Toronto, Ontario, Canada. Crownhill Packaging was founded in 1986 and is one of North America’s largest full-service packaging distributors. It has grown to include four locations in Canada and the U.S., including the Chicago area. Crownhill offers a full portfolio of customized packaging solutions to customers and is highly regarded for its custom packaging capabilities, sustainable product offerings and customer-oriented service. Key customer segments serviced by Crownhill include public sector agencies, industrial products, consumer goods and e-commerce. “The acquisition of Crownhill Packaging is an exciting step in the execution of our growth strategy,” said Todd Renehan, President and CEO of SupplyOne. “As our first international acquisition, the company’s go to market strategy offers a significant opportunity to grow and expand in one of the largest metro areas in North America. We are delighted to welcome Crownhill Packaging’s capable employees into the SupplyOne family.” “Our service-oriented approach to customers aligns perfectly with the culture of SupplyOne, and we are delighted to be able to expand our product offering and geographic reach as part of the SupplyOne family,” said Rodney Taylor, Vice President of Crownhill Packaging. This acquisition represents the 39th addition to the SupplyOne portfolio in its 25 years in business. With 18 corrugated production facilities and 45 distribution centers across North America, the company offers a national (and now international) footprint of corrugated and packaging capabilities under one roof with a dedicated focus on local marketplaces. Each region services its customers directly, offering in-person sales support, inventory management and equipment service. “SupplyOne’s service platform delivers personalized support with a robust manufacturing and distribution foundation. We’re enthusiastic about expanding our customer and vendor relationships, diversifying our product offerings, and pursuing further growth through acquisitions in Canada,” said Ken Wong, Vice President of Crownhill Packaging.
The U.S. Plastics Industry in 2023 in seven charts
Assessing the plastics industry landscape in 2023 reveals a year marked with nuanced shifts across various sectors. From the fluctuations in production levels and shipments to the intricate interplay between labor constraints and export dynamics, the plastics industry encountered challenges and opportunities. Notably, the year witnessed divergent trajectories: while certain segments, such as plastics material pricing and resin manufacturing, grappled with equilibrium adjustments, others, like the mold for plastics trade, mirrored global economic oscillations. Unpacking these trends and projections explains a complex narrative of the industry’s path ahead into 2024. 1. Plastic Products Manufacturing 2023 saw a notable pullback from the production levels of 2022. The initial increase starting in March did not maintain momentum for the rest of the year. A significant decline occurred in July, followed by another downturn in August. While September witnessed a slight increase, it was followed by successive declines through November. There is a likelihood that production increased marginally in December. It is anticipated that the rate of decline in plastics production in 2024 will be lower than that observed in 2023. 2. Plastics and Rubber Shipments In 2023, the shipments of plastics and rubber remained relatively stable, hovering between $24.4 billion and $24.9 billion. Although there was an initial decline in the first four months, they rebounded until August before stabilizing, with minimal fluctuations projected for November and December. Despite robust economic growth, primarily fueled by personal consumption accounting for 87% of plastics production, inventories remained elevated, prompting a decrease in plastic shipments. Initial projections for 2024 indicate a tepid rise in shipments of plastics and rubber, signaling a modest increase. 3. Plastics Manufacturing Employment The U.S. plastics industry grappled with persistent labor supply constraints throughout 2023, echoing the challenges experienced across the broader manufacturing sector. From January to December, there was a probable 1.7% decrease in the workforce engaged in plastics product manufacturing. According to the U.S. Bureau of Labor Statistics, an estimated 608,000 employees were working in plastics products manufacturing in November, likely declining to 607,500 by December. The ongoing disparity between job openings and actual hires in manufacturing is anticipated to have persisted throughout November and December. These persistent imbalances in labor demand and supply, including within the plastics industry, are forecasted to extend into 2024. 4. Molds for Plastics Trades The slowdown in U.S. manufacturing and weakened economic conditions in export markets became evident in the molds for plastics trade. Projections suggest a notable 8.8% decrease in exports based on dollar value for 2023. Although the decline in inflation might indicate a lower dollar value of exports, year-to-date exports until October dwindled by 13.2% compared to the same period in 2022. Exports of molds for plastics fluctuated monthly, ranging between $37.0 million and $57.3 million. October indicated a potential 2.9% rise in export value, but these gains might have been tempered in December, historically a weaker month for exports compared to other months. Anticipating a global output slowdown in 2024, particularly in advanced economies, while stabilizing in emerging and developing economies, it’s likely that any improvements in molds exports will be weaker compared to the preceding two years. 5. Producers Prices in Plastics Material and Resin Manufacturing Plastics material and resin prices hit their peak in April this year, then gradually fell as demand and supply rebalanced. Reduced U.S. plastics production tempered resin demand, while supply increased from July to October compared to the previous year. November saw a 0.4% price hike, but December may mark a 0.2% decrease. Barring unexpected disruptions like adverse weather affecting resin production, it is unlikely we will see a reversal in the recent path of resin prices in 2024. 6. Capacity Utilization Rates in Plastics and Resin Manufacturing The capacity utilization rate in plastics product manufacturing declined throughout 2023, averaging 83.1% monthly in the preceding year and dropping to an average of 77.4% for the year, with an anticipated rate of 76.6% for December. This decline aligns with the observed decrease in plastics conversion activity during the year. Conversely, capacity utilization in plastics material and resin manufacturing experienced an uptick, notably increasing in the latter half of the year. December might have seen a slight decrease in both capacity (0.1%) and utilization rate (0.4%). The imbalance between resin supply and demand contributed to the decrease in the Producer Price Index for plastics material and resin manufacturing in 2023. Projections for 2024 suggest an anticipated increase in capacity utilization for resin manufacturing, albeit possibly at a slower pace compared to 2023. 7. Plastics Machinery Imports The U.S. imported plastics machinery amounting to $1.8 billion, with projected import values of $129.4 million in October and $150.1 million in November. This year’s total imports have decreased by 4.4% compared to the previous year. As a primary importer of plastics equipment, this data serves as a key indicator for understanding plastics manufacturing. Typically, an upsurge in plastics machinery imports signifies robust plastic conversion. The reduced imports of plastics equipment this year correlate with the decline in plastics product manufacturing. The possibility of an uptick in plastics equipment imports in 2024 relies on increased plastics production, provided there is a limited inventory of plastics equipment available. About the Author: The Plastics Industry Association (PLASTICS) is the only organization that supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $548 billion U.S. industry. PLASTICS advances the priorities of our members who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives. Since 1937, PLASTICS has been working to make its members, and the seventh largest U.S. manufacturing industry, more globally competitive while supporting circularity through educational initiatives, industry-leading insights and events, convening opportunities and policy advocacy, including the largest plastics trade show in the Americas, NPE2024: The Plastics Show.
Episode 448: ShipPlug – Streamlining shipping with data-driven solutions
Episode 448 of The New Warehouse Podcast features an engaging conversation with Nick DiNatale, co-founder and CEO of ShipPlug. ShipPlug specializes in providing integrated shipping solutions, simplifying the shipping process for businesses. The episode explores ShipPlug’s innovative approach to combining multiple shipping services into a cohesive, user-friendly platform. Bridging the Gap in Shipping Data Access DiNatale compares the challenges faced by large and small shippers. He explains that large enterprises, shipping millions of dollars worth of goods, often have dedicated supply chain teams who analyze data regarding package shipments, costs, and delays. Small shippers, however, struggle with accessing this kind of data due to limited resources. They often resort to guessing shipping costs and sometimes choose not to sell certain products because they can’t work out profitable shipping strategies. DiNatale highlights that accessing and understanding supply chain data is increasingly complex and challenging for all, especially for small shippers lacking resources. He adds, “When we started ShipPlug, our goal was to make data easy to understand.” ShipPlug Simplifies the Freight Claim Process through Automation DiNatale highlights ShipPlug’s role in demystifying and streamlining the freight claim process, particularly for late shipments and damage claims. He notes how the traditional claims process is tedious and often confusing, deterring many shippers, especially smaller ones, from pursuing refunds or understanding their shipping costs. ShipPlug’s software automates this process, enabling shippers to file claims quickly, track late shipments, and receive detailed reasons for delays. This data allows for more informed decisions about carrier performance and helps e-commerce businesses manage the increasingly complex world of shipping costs and demand surcharges. Unified Carrier Integration and Pricing Transparency with ShipPlug DiNatale discusses ShipPlug’s ability to integrate various carriers, offering a unified platform for diverse shipping needs. “Providing data, especially around pricing, that’s the true value not only to make the claims process easier but to truly help you understand what they are paying,” he states. While the General Rate Increase (GRI) for carriers averages around 5.9%, DiNatale points out some surcharges go up as high as 17%. Delivery surcharges are becoming so confusing and difficult to manage that they become one of the biggest struggles for shippers. “Having the data to make actionable decisions on the best carrier or carrier mix can make or break a company,” DiNatale emphasizes. He details how ShipPlug’s platform is designed for simplicity, incorporating features like streamlined label printing and address verification. Key Takeaways ShipPlug’s integration of multiple carriers simplifies the shipping process for businesses. Focus on user experience and technology enhances the efficiency of shipping operations. Emerging e-commerce trends underscore the importance of versatile, integrated shipping solutions. The New Warehouse Podcast EP 448: ShipPlug – Streamlining Shipping with Data-Driven Solutions
Holiday Fanfare: CT Manufacturer Hosts Patriotic Charity Campaign
December is the time for holiday giving, but one Connecticut manufacturing company has been giving back to those who served our country all year long! Specifically, Watertown-based Packaging and Crating Technologies (PACT), today presented a $3,000 check to the Water-Oak VFW Post 5157 in Watertown based on a charitable campaign that it launched in November for National Military Appreciation Month. The local non-profit’s mission is to speed the rehabilitation of the nation’s disabled combat veterans, assist their families, and provide education and community service. “Although we, as an American company, are always patriotically minded, we consider it a privilege to highlight key military holidays and commemorative milestones like Memorial Day, Veterans Day, and most recently, Military Appreciation Month,” said Rodger Mort, President of PACT. “In doing so, we are raising both awareness and financial donations for our heroes and their families.” Mort notes that PACT has strong ties to the military which uses its various shipping and packaging container lines when individual soldiers are moved from station to station, including its patented LiftVan, PleatWrap, J-Crate, Spiral Foot, MP40, Sofa Crate, and Motorcycle Crate. Each item ranges in price between $40 and $2,000, is made from a durable and sustainable corrugated cardboard material, and is capable of being reused for hundreds of moves. Further, the company is a preferred vendor for the US Department of Defense and has been awarded a special permit from the US Department of Transportation for the shipping of lithium-ion batteries, as well as passed the proposed SAE-G-27 test standard. “PACT benefits the military through both its innovative product line, as well as in its generous charitable programs,” said Water-Oak VFW Post 5157 Commander Richard Noble. “We are extremely grateful for the company’s ongoing efforts in helping to ensure that the sacrifice of our servicemen and women is never forgotten.”
Plastics Industry Association (PLASTICS) opens nominations for William R. Carteaux Leadership Award
The Plastics Industry Association (PLASTICS) has opened nominations for the William R. Carteaux Leadership Award, presented to an industry professional who has achieved distinction in working for the betterment of the plastics industry. Any employee of a PLASTICS member company who personifies the values of Bill Carteaux—unity, dedication, perseverance and selflessness—is eligible for the award, named in honor of the former President and CEO of PLASTICS. “Bill Carteaux’s passion and dedication to our industry were remarkable,” said Matt Seaholm, President and CEO of PLASTICS. “Even through tough times, Bill was committed to PLASTICS and advocated for our entire industry including the millions of workers it employs. He was relentlessly optimistic about the future of the plastics industry, bringing together leaders and innovators to address our sustainability goals.” “It’s our great honor to provide an award that reflects Bill’s professional and personal values. I look forward to participating in our award ceremony this Spring in Orlando, Florida,” concluded Seaholm. “It was an honor to be the first recipient of the William R. Carteaux Leadership Award,” stated Brad Crocker, CEO of Epsilyte and recipient of the Carteaux Leadership Award. “Bill Carteaux was a selfless leader who was passionate about our industry and its future. This award exemplifies what it means to lead with the values Bill personified: dedication, unity, perseverance, and selflessness.” Prospective candidates can be nominated by their peers, friends, or family. To submit nominations, please click here. Nominations will be accepted through Friday, February 2, 2024. The award will be presented as part of the Plastics Hall of Fame Ceremony in Orlando, Florida on Sunday, May 5, 2024.
Plastics Industry Association (PLASTICS) issues 2023 Q3 committee on Equipment Statistics Report
The Committee on Equipment Statistics (CES) of the Plastics Industry Association has just released the third-quarter shipment data for primary plastics machinery, encompassing injection molding and extrusion, in North America. According to the initial estimates for the third quarter of 2023, the shipment value stands at $345.8 million, marking a 1.5% decrease from the revised figure of $351.0 million in the previous quarter. In comparison to the same period last year, there’s been a 2.3% decrease in the value of shipments. Within the realm of primary plastics machinery types, single-screw extruders have seen a notable surge, with a 30.5% increase in quarter-over-quarter (Q/Q) analysis and an even more substantial 75.3% increase year-over-year (Y/Y). Twin-screw extruders also demonstrated a robust 30.3% Q/Q increase, though with a more moderate 2.9% Y/Y increment. On the other hand, injection molding continued its decline in shipments, experiencing a 2.3% decrease Q/Q and an 8.0% decrease Y/Y, marking the third consecutive quarter of decline. “At the start of this year, there was a double-digit decline in primary plastics machinery shipments. Following a 1.5% gain in shipments during the second quarter, there was a reversal, resulting in a 1.5% loss in the third quarter,” observed Dr. Perc Pineda, Chief Economist at PLASTICS. “The decline in shipments seems to have moderated on both a quarterly and year-over-year basis, aligning with the rising economic output from the first to the third quarter of this year.” In the most recent quarterly survey conducted by CES among plastics machinery suppliers to gauge their outlook on market conditions and equipment expectations, the results indicated a rise in participants anticipating an improvement in market conditions over the next twelve months compared to the previous year. The percentage of those expecting conditions to either remain the same or improve rose to 56.1%. In Q3 2023, U.S. exports of plastics equipment surged impressively by 7.2% from the previous quarter, marking a substantial 36.3% increase from a year earlier, totaling $270.9 million. More than half of these exports (55.4%) were directed to Mexico and Canada, totaling $150.1 million. Meanwhile, imports saw a decrease of 16.5% from the previous quarter and 9.5% from a year earlier, resulting in a total of $383.0 million. This shift led to a significant 45.5% decrease in the plastics equipment trade deficit, which reached $112.1 million. In the foreseeable future, the trajectory of plastics machinery will continue to be influenced by the prevailing high-interest rate environment, especially the inversion of interest rates. Despite the resilience displayed by the U.S. economic output, primarily propelled by robust consumer engagement, the economy’s transition toward a consistent output growth and a stable inflation rate has been somewhat delayed. While the demand for plastics is anticipated to remain steady, fluctuations in manufacturing could impact business investment decisions,” remarked Pineda.
Norwalt executive appointed to key committee by Packaging Machinery Manufacturers Institute
Kyle Seitel, Vision Engineering Manager & Marketing Coordinator for Norwalt, named to PMMI’s Emerging Leaders Committee Norwalt, a specialist in custom-built automation and line integration machinery for complex manufacturing applications, has had one of its promising young executives appointed to a key industry organization committee. Kyle Seitel, Vision Engineering Manager & Marketing Coordinator for Norwalt, has been named to the Packaging Machinery Manufacturers Institute’s Emerging Leader Committee. During the four-year term, Mr. Seitel will lend his expertise and insight toward the Board’s development of policies and programs. Meanwhile, the Emerging Leaders Committee serves as an outlet for networking and mentorship for the younger set of executives comprising its membership. With facilities in Randolph, New Jersey and Tampa, Florida, Norwalt is a supplier of concept-to-completion manufacturing equipment solutions. The company’s engineers design, construct, validate and install premium production equipment whose functionalities include – but are by no means limited to – packaging and product assembly, post-mold automation, modular automation cells and robotics systems. Norwalt serves customers in a wide array of sectors, from medical devices and food & beverage applications to personal care and household items. PMMI is a global resource for the packaging and processing industry that aims to unite the sector across the manufacturing supply chain. Its members promote business growth in a variety of industries by developing innovative manufacturing solutions to meet evolving consumer demands. PMMI membership represents more than 1,000 manufacturers and suppliers of equipment, components and materials, as well as providers of related equipment and services to the packaging and processing industry. “It’s a privilege to have one of our talented young executives appointed to the Emerging Leaders Committee of our industry’s most effective, well-respected organization,” said Keith Harman, Director of Business Development & Technical Sales for Norwalt. “Kyle is an exceptionally dedicated equipment professional and represents the next generation of leaders here at Norwalt. This is a well-deserved distinction that will only further strengthen his skillset.”
ORBIS gives back to local communities
From Make-a-Wish and Blessings in a Backpack, to contributions supporting our nation’s heroes and more, ORBIS team offers participation and donations toward a number of charitable efforts ORBIS® Corporation demonstrated its pledge to give back to local communities and charitable organizations in 2023. From hosting a Walk to End Alzheimer’s summer event at its global headquarters in Oconomowoc, Wisconsin, to gifting charitable donations and sponsoring events with impactful organizations such as local police departments, humane societies, veterans’ groups and more, the ORBIS team supported a number of charitable causes. As a subsidiary of Menasha Corporation, which was founded in 1849, ORBIS has a rich history in packaging – and giving back to support the local communities in which it operates. With funding made available through the Menasha Corporation Foundation, the charitable arm of ORBIS’ parent company, each ORBIS facility has a team that collaborates with nonprofits, coordinates fundraisers and provides volunteers in the local area. “Every year, the ORBIS Community Action team hosts a Giving Reception to celebrate the services nonprofit organizations provide to our communities. Approximately 50 organizations and 80 individuals attended this year’s event,” said Jo Anne Behling, Community Action Team leader at ORBIS Corporation’s Oconomowoc headquarters. “In addition to the donations we make, we work with our nonprofit partners to provide volunteers to help support their great work. I am honored to be a part of the Community Action Team.” ORBIS team members are dedicated to giving back to organizations that are working to make the world a better place for individuals and families in need. “At ORBIS, we firmly believe in making a positive impact in our communities. We aspire to make a difference, enrich lives, foster growth and build a legacy that extends into the community,” said Norm Kukuk, president of ORBIS Corporation. “There is such warmth and kindness that emanates from our beneficiaries; we are grateful to help, and it is an honor to give back to those in need to support their missions.” ORBIS supports a wide variety of organizations throughout southeastern Wisconsin. These organizations are focused on safe and healthy citizens, community betterment, education and environmental sustainability. In addition to financial donations made possible by the Menasha Corporation Foundation, ORBIS was also able to help in additional ways throughout 2023. Here are some highlights from special events where ORBIS impacted the local community: Walk to End Alzheimer’s and Summer Employee Event – Held at the ORBIS Oconomowoc, Wisconsin, location, this event raised nearly $5,000 in 2023 in support of the Alzheimer’s Association. Activities included lunch, an auction and dunk tank contest, with all proceeds benefiting the Wisconsin Chapter of the Alzheimer’s Association. Shorehaven Memory Care provided resources to employees, and fellow ORBIS employee, Linda Patel and her dog, Louie, were on-site as well. Linda and Louie serve as a volunteer therapy team in the memory care unit at Shorehaven Memory Hospital. ORBIS teams were organized in both Waukesha and Madison, Wisconsin. Bread & Roses – ORBIS employees volunteer and donate food two to three times a year at Bread & Roses, helping to provide meals to those in need. During each event, up to 250 dinners are packaged and served for takeout for families in need. Make-A-Wish America Gold Star Donation – As part of ORBIS’ Make-a-Wish America Gold Star donation in 2023, the organization and team made a wish come true for a 16-year-old boy from Menomonee Falls, Wisconsin, who is living with a nervous system disease. With an MLB-wish theme, ORBIS hosted a wish party in late October. The Milwaukee Brewers “pitched” in as well, donating ice cream helmets and other gifts as part of his wish. ORBIS Christmas Family Fundraiser – Supporting 30 children in Wisconsin’s Waukesha and Jefferson counties each year, the ORBIS Christmas Family Fundraiser is brought to life as employees fulfill children’s wish lists. These gifts are purchased, wrapped and delivered before Christmas – making the holidays brighter for families in need. Generosity runs deep within ORBIS; the Christmas Family Fundraiser is fully funded by ORBIS employees. Blessings in a Backpack – For 10 years, ORBIS has supported the Waukesha County Chapter of Blessings in a Backpack. In 2023, about 30 children attending Magee Elementary School in Genesee Depot, Wisconsin, received backpacks filled with nutritious food for each weekend for the entire school year, with support from ORBIS. ORBIS volunteers participate in bag fills and distribution. Rainbow Hospice Care – ORBIS organized a brat fry and donated all proceeds to Rainbow Hospice Care, a local nonprofit providing supportive care management, hospice care, community bereavement support and community health ministry. Police Competition – Now in its third year, the police competition is among three local police departments that compete to be the first to push a squad car to the finish line. In 2023, the Watertown Police Department came in first, Oconomowoc Police Department took 2nd and the Summit Police Department earned 3rd place, with each awarded funds to support their departments. Heroes for Heroes – Heroes for Heroes is a nonprofit advocating for PTSD awareness and support, fundraising for service dogs, and promoting more opportunities for veterans. At its annual summer event to raise money for a local veteran’s service dog, ORBIS employees volunteered their time to support the event. The River Food Pantry – ORBIS volunteers packed lunches and distributed to clients of the River Food Pantry. The River Food Pantry is south-central Wisconsin’s busiest food pantry, providing services that include free groceries and freshly prepared meals for pickup or delivery, online grocery orders, mobile meals and emergency food lockers. Additional Beneficiaries: Bryon Riesch Paralysis Foundation – Run, Walk, Roll Event Watertown Police Department – Donut Dash 5k Event National Alliance on Mental Illness (NAMI) Southeast Wisconsin – NAMIWalks 5k Down Syndrome Association of Wisconsin – Walk at Milwaukee County Zoo Lupus Foundation of America – Charitable golf outing Lake Country Shop with a Cops Waukesha County Green Team – Sustainability event Angelman Syndrome Foundation – ASF Walk shirts LifeStriders – Triple Crown Event Creative Community Living Services Guardians of the Children Humane Animal Welfare Society of Waukesha County Humane Society of Jefferson County Watertown Humane Society Inc Wounded
Lucas Systems and Carnegie Mellon University partner to solve Logistics Industry Packaging and Sustainability challenges
Distribution center technology provider, Lucas Systems, has announced its partnership with Carnegie Mellon University (CMU) on new research with potential significant environmental and commercial impact for the logistics industry. The research is focused on developing new and innovative ways to reduce distribution center and transportation waste by optimizing the way packing and packaging of multiple items in a single order is executed. The outcome of the research work could contribute to significant environmental and commercial impact for thousands of companies in the logistics industry. Worldwide consumption of paper and cardboard has grown steadily over the past 60 years by about 7% year over year, according to a March 2023 report by Statista. Lucas Systems points out that this is five times more paper and cardboard than in 1960. As part of the project, master’s level students in CMU’s Software and Societal Systems Department (S3D) in the School of Computer Science will use 3D visualization frameworks, mobile application development, Core CS and Web/Angular/JS environments and work with Lucas Systems’ data scientists and software engineers on the architecture, user interfaces, and optimization best suited for solving end of supply chain distribution challenges. The joint project will contribute to Lucas Systems’ ongoing development of smart software to help warehouse workers pick products to fulfill an order in the most eco-friendly and financially efficient way. “The entire distribution industry has numerous opportunities to reduce waste and improve sustainability,” says Lucas Systems CTO Mark McCleary. “Consumers already recognize the increased amount of material they throw away with each shipment they receive. Consumers are paying for a lot of that waste – and so is our environment.” Over 90% of items shipped in the U.S. are packaged in cardboard. Lucas Systems’ work with CMU could mean a very large potential economic impact for the distribution industry. Lucas Systems leaders say the solutions to these types of problems are incredibly complex and must lean on a variety of modern technologies and know-how for help. “CMU and S3D are excited to work with Lucas Systems on this critical challenge. Improving the sustainability of packaging using the latest technologies is an area that we’re excited to contribute to,” said Travis Breaux, director of the Master of Software Engineering programs and associate professor of computer science.
TAB Industries introduces portability retrofit kits
Orbital wrapper manufacturer TAB Industries, LLC, Reading, Pa., has introduced portability retrofit kits. Developed to allow the company’s patented TAB Wrapper Tornado orbital wrapping machines to be moved safely without requiring a lift truck, the new kits feature four casters with companion mounting brackets and associated components, pre-assembled and ready for installation on units in the field. Once installed at each corner, operators simply turn a crank to raise the wrapping machine off the floor and engage the casters, roll the machine to the desired location, and then lower it back to floor level for return to service. Ideal for automating the wrapping process at multiple locations, the new portability retrofit kits allow one worker to move the wrapping machine from one assembly line, metalworking station, loading dock, or other location to another without investing in multiple orbital stretch wrappers. The built-in fork tubes that allow movement by forklift remain accessible after the casters are installed. The new retrofit kits are suitable for all TAB Wrapper Tornado models and are stocked in the company’s Reading, Pa. headquarters for quick delivery. The TAB Wrapper Tornado orbital wrappers apply stretch wrap 360 degrees around and under a pallet and its load to create a sturdy, unitized load without banding, boxing or strapping.
Orbis Corporation and Prairie Farms receive 2023 QCS Collaboration Award
Award honors initiatives that deliver excellence through the joint efforts of a member and a supply partner working together to either solve a problem or achieve the desired outcome ORBIS® Corporation, an international provider in reusable packaging, and Prairie Farms, a well-known farmer-owned dairy cooperative, were awarded the 2023 QCS Purchasing Cooperative Collaboration Award for their continued collaborative efforts in developing a reusable cheese container and delivery system that prioritizes sustainable practices and product integrity. The QCS Best Collaboration Award is a prestigious honor that celebrates joint initiatives between a member and a supply partner that have excelled in addressing industry challenges or achieving desired outcomes. The award was presented at the 2023 QCS Annual Conference in Orlando, Florida, in October. Since 1938, Prairie Farms has been committed to producing fresh dairy products of the highest quality and exceeding the expectations of customers, consumers and partners. Recognizing an opportunity to enhance product integrity, reduce waste and prevent contamination in the supply chain, Prairie Farms initiated a collaborative project with long-time collaborator, ORBIS Corporation. The objective was to create a reusable packaging solution for the dairy industry, specifically tailored to maintain product quality and safety. “We do feel we have a true partnership with ORBIS,” said Chris Hackman, chief operating officer at Prairie Farms. ORBIS Corporation, with its extensive experience serving the dairy industry, has a strong commitment to environmental stewardship and reducing its customers’ environmental impact. “This innovative system not only replaces single-use material, but also offers enhancements in efficiency, output capacity and the overall utilization of the production facility,” said Matthew Beeman, VP Sales RSC at ORBIS Corporation. “We are honored this initiative was recognized by QCS. At ORBIS, we remain committed to not only addressing customer challenges but also setting a new standard across industry sectors.” Through this collaboration, Prairie Farms and ORBIS Corporation have demonstrated the power of partnership in delivering solutions that benefit the entire supply chain. In 2019, ORBIS and Prairie Farms were also nominated and won the QCS Best Collaboration Award for work they did with a leading national grocery retailer to optimize delivery of fluid milk in-store. The solution was the ORBIS XpressBulk™ Milk Dolly & Tray System, a retail-ready fully reusable delivery system.
Plastics Industry Association celebrates America Recycles Day
The Plastics Industry Association (PLASTICS) is celebrating America Recycles Day, the official national observance dedicated to promoting recycling across the United States on November 15th. “For the plastics industry, every day is America Recycles Day,” said PLASTICS President and CEO Matt Seaholm. “Our industry is dedicated to recycling which is why we work tirelessly to improve recyclability and invest billions of dollars into new technologies to recycle. “Recycling is real, and the plastics industry is proud to be a part of the solution, but we need to do more. We need partners at all levels, including government, the private sector and communities working together to recycle even more valuable materials every day,” concluded Seaholm. Recently, PLASTICS launched an advocacy campaign, Recycling is Real, dedicated to promoting and defending plastic recycling in America. The campaign provides content to help elected officials and policymakers understand that recycling is a vital link of the sustainability and circularity chain, enabling them to make more well-informed decisions about recycling resources for their constituents.