Hedstrom buys trash bin rotomolder Nuwave Container

By Bill Bregar
Senior Staff Reporter

Published: May 17, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Rotomolding

ASHLAND, OHIO (May 17, 2 p.m. ET) — Rotational molder Hedstrom Plastics, in recent years, has purchased small custom molders, an exercise ball business, and now something really big — rotomolded trash dumpsters.

Hedstrom recently bought Nuwave Container LLC from Richard Maggio, who will stay on as a consultant. Terms were not disclosed.

Now Hedstrom officials are moving two large rotomolding machines, a Ferry 370 and a Ferry 280, from Nuwave’s plant in Santa Ana, Calif., to Ashland, where they will run in a 45,000-square-foot leased building.

“We’re in the midst of dismantling these machines and shipping them to Ashland,” Hedstrom President and CEO Jim Braeunig said.

Nuwave makes bins that hold up to eight cubic yards. The one-piece dumpster, rotomolded from high density polyethylene, weighs about half as much as the classic steel dumpster.

“They’re much lighter weight. They don’t rust. They don’t need to be repaired on a regular basis,” Braeunig said. The plastic bins can be stacked for easy storage and transportation. Also, they can handle heavy organic waste such as food scraps, which can degrade steel as they decompose, he said.

Hedstrom needs the leased space because the company does not have room to mold the dumpsters in its new headquarters plant in a former Wal-Mart in Ashland, Braeunig said.

“We feel we can grow this business,” Braeunig said. “We feel that it can be a substantial piece of our business.”

California-based Nuwave Container did some of its own rotational molding, at Superior Rotomolding, and also used a network of rotomolders in other areas.

Braeunig said Hedstrom will take that same approach, building a regional strategy that can ship to commercial waste haulers around the country. From its Ashland operation, Hedstrom will cover east of the Mississippi River. Hedstrom also will subcontract with Rotational Molding Inc. in Gardena, Calif.

“We’ll probably also be using Meese Orbitron Dunne for their plant in [La Mirada] California,” he said.

Depending on demand and freight shipping costs, Hedstrom may also set up trash container operations in the southeast and east coast regions, Braeunig said.

A key innovation—covered by patents—is molded-in lifting pockets, the tube-shaped area that the lifting forks on a garbage truck slide into to raise the bin.

Braeunig said other rotomolded dumpsters use bolted-on metal lifting tubes. Nuwave literature claims the brand is “the only unibody dumpster in the waste industry.”

Braeunig said some competitors may be violating the Nuwave patents, and Hedstrom is now checking that out.

Hedstrom officials visited Nuwave’s plant to look at rotomolding machines that were for sale. They discovered the company was available, Braeunig said.

“We continue to look for good acquisitions,” he said.

The Nuwave deal follows a series of purchases at Hedstrom Plastics, a division of Ball, Bounce and Sport Inc.:

• Just a few weeks ago, Hedstrom acquired exclusive worldwide distribution rights to the Bosu line of fitness ball products. Hedstrom will manufacture the Bosu line.

•  In 2009, Hedstrom bought Diamond Plastics Inc., a custom rotomolder in Dunkirk, Ohio,

•  Hedstrom acquired another Ohio rotomolder, North Coast Custom Molding Inc., in 2010, and moved it from Carey, Ohio, to the Diamond plant in nearby Dunkirk.

Hedstrom Plastics is owned by a group of veteran managers, who bought the Ashland rotomolding factory in 2004, after swing set company Hedstrom Corp. closed down.


Comments

Hedstrom buys trash bin rotomolder Nuwave Container

By Bill Bregar
Senior Staff Reporter

Published: May 17, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Metals and plastics company NN to buy Autocam in $300 million deal

July 25, 2014 10:07 am ET

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.    More

Image

Rail improvements also allow rotomolder to improve operations

July 24, 2014 3:10 pm ET

An infrastructure improvement grant from the U.S. Commerce Department is helping an Indiana plastics plant expand its product line and add jobs.    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC,...    More

Image

Contigo, Avex buy lets Newell Rubbermaid leapfrog new bottle development

July 22, 2014 4:11 pm ET

Newell Rubbermaid Inc. is ready to accelerate its move into the reusable water bottle business with the purchase of two on-the-go drinkware brands.    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events