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

M&A deals in packaging hit record

January 28, 2015 1:49 pm ET

It's good to be in packaging these days. More precisely, it's good to be in packaging and decide to sell or merge.    More

Image

Sika opens negotiations to acquire Axson Technologies

January 28, 2015 12:17 pm ET

Specialty chemicals maker Sika AG has entered into exclusive negotiations with Axson SAS management and shareholders to acquire its epoxy and...    More

Image

Piovan buys majority stake in Italy's Penta

January 28, 2015 12:04 pm ET

Italian auxiliary equipment company Piovan SpA has acquired a majority stake in the Italian materials handling company Penta srl, based in Poggio...    More

Image

A. Schulman, Citadel continue buying blitz

January 27, 2015 11:32 am ET

A. Schulman Inc. and Citadel Plastics Inc. — two deal-happy materials firms — were at it again in the second half of 2014.    More

Image

It's becoming a seller's market for plastics firms

January 27, 2015 11:37 am ET

The pace of plastics mergers and acquisitions activity slowed a bit in the second half of 2014 — but market watchers have high expectations for ...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events