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Topics Mergers & Acquisitions, Consumer Products, Injection Molding, Molds/Tooling
GRINNELL, IOWA (Dec. 20, 3:15 p.m. ET) — Engineered Plastic Components Inc. has completed its fifth acquisition of 2011, closing a deal to buy injection molder Alladin Plastics.
The purchase of Alladin’s assets, completed on Nov. 30, provides Grinnell, Iowa-based EPC with a larger manufacturing footprint in the southeastern United States.
Alladin has toolmaking, molding, painting and gas-assist molding in Surgoinsville, Tenn. Its product line included a range of housewares, with cups, bowls and kitchen utensils.
EPC owner and CEO Reza Kargarzadeh said in a news release that he expects to expand the operations in Tennessee, giving the company the ability to provide a diverse customer base with a range of products.
The Alladin purchase comes after a series of other purchases in 2011: UFE Inc.’s operations in Wisconsin, the assets of Action Products Inc. in Missouri and Injectech Industries Inc. in Michigan and the blow molding assets and operations of JCIM LLC in Michigan and Kentucky.
EPC now takes in 14 operations in North America with customers in the auto, appliance, medical and consumer products industries.
Kargarzadeh said the company will continue to evaluate potential acquisitions in 2012 as strategic opportunities arise and customers seek the company’s presence in new locations.