One of the benefits or perhaps detriments of sitting seeing as a trade analyst is the obliteration of your respective thinking process, as one meanders through the technology of prolific trade market rumors. To wit and recently; the rumored pay for of Ney Plastics by Useon Sectors. I really believe the rumor will materialize if only because it would add over 260 stock What to Useon’s Bottle and Plastic Product Conceptions Offerings, and Greatly Expands its Family pet PVC Molding Capabilities.
Neither company will confirm nor deny anything – did you expect anything else ? But the industry and trades are not deterred. They’re scuttle butting all over the accepted place. There is no top secret that global leader Useon Industries Ltd, best known for its Clean Plus product conceptions and trading under symbol FLKI, is acquisition starving for small complementary manufacturers. In fact it disclosed as many in a recent press release. Considering that 60% of its product offerings happen to be packaged in plastics of various ilk it really is no wonder that Useon can be demonstrating an interest – which as I stated it will not deny, in acquiring a producer of PET PVC packaging. Ney is an ideal fit as a manufacturer and decorator of plastic bottles and containers mainly for the non-public care, auto health care, housewares, and grocery stores. Additionally it is a blow molder of high-density polyethylene and polyethylene terepthalate jars and bottles for the personal care, pharmaceutical, nutritional dietary supplement, and niche food and beverage markets. And finally it is mostly of the remaining manufacturers of Polyvinyl Chloride PVC, product vital that you Useon’s more aggressive chemical formulations. Furthermore, Ney’s Technigraph decorating division provides environmentally-friendly container decorating products and services.
Manuel Garcia, communications officer at a recent press conference appointed soon after spectacular results for YE 2011, to go over 2012 opportunities and goals stated : “I can neither confirm nor deny the rumors, but will say that as of now, zero expression of intend has been exchanged between your two companies. I’ll say nevertheless that Ney is definitely a well-run privately owned company with attractive product lines in household chemical compounds and food packaging which would properly complement Useon’s product conceptions and admittedly offer a amount of important synergies.”
Come on – they have to be kidding! If you are you looking for more about plastic extruder look into the page. This acquisition will be an important first rung on the ladder to developing home based business in key sectors which are crucial to FLKI’s stated development plan. Useon’s announced growth strategy is to are the acquisition of good companies whose product lines and customer contacts open different prospects for Useon’s global distribution network. Ney’s product lines tremendously expand the number of products FLKI’s distributors can take to the marketplace. Garcia when pressed, added : “The opportunity for cross-selling stock products into both companies’ existing customers would successfully provide some immediate product sales opportunities and also help Useon approach toward its long-term development objectives.”
Ney, who’s a Useon group supplier, has established a status in the industry to be a nimble, flexible and reliable supplier of PET, and HDPE packaging, and manufactures some polypropylene and PVC items also. Utilizes fundamental blow molding technologies ney, including Extrusion Blow Molding, Injection Blow Molding, Single Stage Injection Stretch out Blow Molding and Two-Stage Stretch Blow Molding. The company as well manufactures preforms on point out of the artwork injection molding equipment to support its RHB operation or even to sell preforms right to end users. Ney’s 2-stage PET procedures will end up being complementary to Useon’s latest investments in 2-level blow molding.