Toray Plastics (America), Inc., announces that its Torayfan® Division’s new, state-of-the-art, 8.7-meter, five-layer, in-line coating polypropylene film line with automated slitting began producing commercial volumes of packaging and label films in May. The customized, proprietary equipment is considered by Toray to be one of the most capable BOPP film lines in the world. It is enabling Toray to expand its flexible packaging product lines, including a robust label portfolio, and manufacture highly-engineered next-generation laminations and mono-material films. The unique, energy-efficient line also gives a boost to Toray’s own sustainability initiative by reducing the company’s carbon footprint further. The additional OPP capacity is targeted for packaging, label, medical, and industrial applications. “Toray has always been committed to innovation and growth on behalf of its customers, and this new line enhances our ability to offer them a greater variety of film options while helping them commercialize their projects effectively and efficiently,” says Christopher Roy, Executive Vice President, Toray Plastics (America). “The entire Toray team is very proud of the division’s accomplishment, especially given the challenges presented by the COVID-19 pandemic.” Roy adds that the Torayfan Division has plans for more automation in 2021, an upgrade of an existing line in 2021-22, and a new metallizer in 2022. “It’s a very exciting time for Toray and the division.”
Nosco, Inc., a subsidiary of Holden Industries, Inc., announced today that it has acquired Gooding Company, Inc., a New York-based insert and outsert manufacturer with over 141 years of printing experience. Through the acquisition of Gooding, Nosco will add an additional manufacturing facility on the east coast that will help reduce lead times, lower packaging costs and provide an expanded portfolio of folded literature.
Gooding was established in 1876 in Lockport, New York. In 1990, the company was sold to current president, Jerry Hace. Under Hace’s leadership, the company began focusing on enclosures for the medical and pharmaceutical industries, in addition to other markets.
“Over the years, Jerry Hace built a great team at Gooding that behaves very consistently with the employee-owned culture at Nosco,” said Russ Haraf, Nosco President. “Gooding is a great company that will complement our On_Demand Solutions Center in Philadelphia very well – offering a full line of healthcare printed packaging solutions with best-in-class cycle times for the eastern portion of the U.S.”
Like Nosco, Gooding is focused on innovation, and has invested in specialized technology and new facilities to increase its capabilities in insert and outsert printing. Through the acquisition, Nosco will be able to better serve its customer base with folded literature, while supporting Gooding customers with labels and cartons.
“The future of the printed packaging industry in healthcare demands an extensive product assortment and redundancy in operations,” said Hace. “It became clear that the best strategy for growth required combining capabilities with a strategically, like-minded company. Nosco has invested in advanced digital technology that we can offer to our valued clients, in addition to our specialty – MicroFolders™. We are excited to team up with Nosco to expand our offering and to be part of a company that is 100% employee owned. We know that both Gooding and Nosco will be better together.”
This most recent acquisition demonstrates Nosco’s continued focus on growth in the healthcare segment, helping deliver on its mission of making each customer’s packaging successful, every day.