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

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Universal Polymer beefing up capabilities through acquisition

July 29, 2014 12:04 pm ET

Universal Polymer & Rubber Ltd. is growing again and adding to its capabilities, this time via another acquisition and a plant expansion.    More

Image

Reynolds considering sale of Closure Systems International unit

July 29, 2014 10:32 am ET

Packaging giant Reynolds Group Holdings Ltd. has put its closures business under review.    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Image

Evonik sells polyimide foams operation to Boyd

July 29, 2014 10:46 am ET

Modesto, Calif.-based Boyd Corp., a manufacturers of specialty material and sealing agents, has purchased Evonik Industries’ Solimid...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

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

More Events