One of the benefits or perhaps detriments of sitting seeing that a trade analyst may be the obliteration of your respective thinking process, as you meanders through the era of prolific trade market rumors. To wit and recently; the rumored order of Ney Plastics by Useon Sectors. I believe the rumor will materialize if only because it would put over 260 stock Items to Useon's Bottle and Plastic Product Conceptions Offerings, and Expands its Family pet PVC Molding Features Greatly.
Neither ongoing company will confirm nor deny anything - did you expect anything else ? However the trades and industry aren't deterred. They are scuttle butting all around the accepted place. There is compounding extruder no magic formula that global innovator Useon Industries Ltd, best known for its Clean Plus product conceptions and trading under symbol FLKI, is acquisition starving for small complementary manufacturers. Actually it disclosed as very much in a recent press release. Given that 60% of its product offerings happen to be packaged in plastics of various ilk it really is no think about that Useon is normally demonstrating an interest - which as I explained it will not deny, in obtaining a producer of PET PVC packaging. Ney is a perfect fit as a manufacturer and decorator of plastic bottles and containers primarily for the personal care, auto treatment, housewares, and food markets. Additionally it is a blow molder of high-density polyethylene and polyethylene terepthalate jars and bottles for the personal care, pharmaceutical, nutritional supplement, and niche food and beverage markets. And finally it really is one of the few remaining manufacturers of Polyvinyl Chloride PVC, product vital that you Useon's more aggressive chemical formulations. Furthermore, Ney's Technigraph decorating division supplies environmentally-friendly container decorating products and services.
Manuel Garcia, communications officer at a recent press conference appointed just after spectacular outcomes 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 this moment, no expression of intend has been exchanged between the two companies. I'll say nevertheless that Ney is without question a well-run privately possessed company with attractive product lines in household chemicals and food packaging which would nicely complement Useon's product conceptions and admittedly offer a number of important synergies."
Come on - they have to get kidding! This acquisition will be an important first step to developing new business in key industries which are important to FLKI's stated expansion plan. Useon's announced growth strategy is to are the acquisition of powerful companies whose product lines and customer contacts open brand-new prospects for Useon's global distribution network. Ney's product lines drastically 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 efficiently provide some immediate revenue opportunities and also help Useon approach toward its long-term development objectives."
Ney, who is a Useon group supplier, has established a status in the industry for being a nimble, flexible and reliable supplier of PET, and HDPE packaging, and likewise manufactures some polypropylene and PVC items. Utilizes basic blow molding technologies ney, including Extrusion Blow Molding, Injection Blow Molding, Single Stage Injection Stretch Blow Two-Stage and Molding Stretch Blow Molding. The company also manufactures preforms on state of the skill injection molding equipment to support its RHB operation or to sell preforms right to customers. Ney's 2-stage PET procedures will come to be complementary to Useon's new investments in 2-stage blow molding.