Business Services Industry
ITW deal seals two plastic bag units; Zip-Pak division keeps rolling into Europe with purchase of U.K. firm.(Illinois Tool Works Inc)(Supreme Plastics)
Crain's Chicago Business, August, 2005 by PRYWELLER, JOSEPH
Byline: JOSEPH PRYWELLER Crain News Service Illinois Tool Works Inc.'s Zip-Pak division, maker of plastic zippers for resealable food packages, bought the reclosables division of U.K.-based Supreme Plastics Ltd., continuing its expansion into Europe. Financial terms weren't disclosed. The deal joins two mid-sized plastic zipper manufacturers competing in the crowded but fast-growing field for closures that allow consumers to reseal food pouches to keep food fresher longer.
The sale, which includes plants in England and Spain, also gives Manteno-based Zip-Pak access to new technology, says Robert Hogan, Zip-Pak director of international sales and marketing. Supreme Plastics specializes in plastic zippers with narrow flanges of up to a half-inch, Mr. Hogan...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express