August 21, 2014 12:31 PM ET

Machinery

Company Overview of Kortec, Inc.

Company Overview

Kortec, Inc. designs, manufactures, and supplies PET multi-layer and co-injection systems to the PET packaging industry worldwide. It offers high-barrier plastics and packaging solutions, including multi-layer preform inspection systems that enable to monitor the consistent placement of the barrier material in select performs; ultra series barrier performance recycled content packaging solutions; intro systems for lower volume production; and lab series systems for product development and market introductions. The company also provides preform design, process, and training services. It offers its products for various applications, including juice products, beer, carbonated beverages, tomato-...

29 Old Right Road

Ipswich, MA 01938

United States

Founded in 1996

Phone:

978-238-7100

Fax:

978-238-7171

Key Executives for Kortec, Inc.

Co-Founder
Co-Founder and Treasurer
Co-Founder and Vice President of Sales & Marketing
Co-Founder
Co-Founder and Vice President of Operations
Compensation as of Fiscal Year 2014.

Kortec, Inc. Key Developments

Kortec Introduces New Multi Layer, Clear Plastic Can

A new multi-layer co-injection technology from Kortec, Inc., allows the production of clear PP plastic cans for food packaging. Klear Cans multi-layer plastic cans provide an attractive alternative to metal cans by providing brand owners with clear, see-through PP in a container that features extended shelf life of up to five years. An ideal alternative to metal cans for fruits, vegetables, soups, meats, and other products, this new technology will be introduced by Kortec at Interpack 2014, being held from May 8-14 in Dusseldorf, Germany. Suitable for retort up to 130°C (265°F), these clear plastic cans have been tested and approved for both retortability and the integrity of the double seam, which was designed to allow the plastic canâ s flange to accept traditional (easy open and non-easy open) metal can ends. Klear Can provides numerous advantages over metal cans, most notably the ability to show the quality of the food products to the consumer at the point of sale. Other advantages include: Metal can ends for easy opening, hermetically sealed to the plastic can; three-layer plastic construction (PP outer and inner layers, with an EVOH barrier) for shelf life up to five years; BPA-free; options for colored plastic cans, in-mold labels, or standard labels; stackable; molds up to 32 cavities; simultaneous Kortec co-injection process allows same cycle times as single-layer plastic injection. Another major advantage of Klear Can is it is designed so existing metal can-filling facilities can easily shift to the use of the plastic cans, with no need for investing in new downstream equipment. The first Klear Can introduction is the commonly used 41cl size, with a 75mm end, also common. The total can height is 110mm. Kortec is launching this at Interpack and invites brand owners and canners to evaluate the Klear Can for their specific product requirements. Kortec is ready to work on alternate size cans with companies who require something other than this initial 41cl size.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
February 19, 2014
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