Fenner buys American Industrial Plastics

By Bill Bregar
Senior Staff Reporter

Published: August 10, 2012 6:00 am ET

Related to this story

Topics Medical Mergers & Acquisitions Injection Molding
Companies & Associations

HUMBLE, TEXAS (Aug. 10, 1:15 p.m. ET) — Fenner Advanced Sealing Technologies, part of Hessle, England, reinforced polymer specialist Fenner plc, has purchased American Industrial Plastics Inc., a firm that does precision machining of engineering resins and fluoropolymers.

American Industrial Plastics, based in Daytona Beach, Fla., does computer numerically controlled machining of high-end plastics — and only plastics — for medical, aerospace and defense, and oil and gas drilling markets. Many of the parts are reinforced, such as carbon-fiber filled polyetheretherketone, for critical medical applications.

The fact that American Industrial Plastics does only plastics means there can be no metal cross-contamination, an important feature for its highly technical applications, company officials say on the AIP website.

Humble-based Fenner Advanced Sealing Technologies (known as Fast Group-Houston) announced the acquisition Aug. 9. Terms were not disclosed.

Fast has related operations that fit well with American Industrial Plastics, said Fast Group-Houston President Leonard Casey. Fast’s EGC Plastics division uses a number of types of processing, including compression and injection molding, transfer molding, ram and melt extrusion, calendaring and machining. It makes products out of engineering resins and fluoropolymers for markets such as oilfields, fluid handling, medical, aerospace and semiconductors. Another unit, CDI Seals, makes seals for many of those same markets.

“The capabilities of the team at AIP expand our current offerings and give us an even stronger presence in our key markets,” Casey said in a news release announcing the deal.

American Industrial Plastics’ website lists some exotic machining applications, using very expensive types of plastics. In medical, AIP parts include surgical instruments, implants of PEEK Optima medical-grade compounds, and surgical targeting fixtures. Aerospace components go on missiles, aircraft, satellites and the space shuttle. Energy applications include specialized parts for oil and gas drilling.


Comments

Fenner buys American Industrial Plastics

By Bill Bregar
Senior Staff Reporter

Published: August 10, 2012 6:00 am ET

Post Your Comments


Back to story

Market Reports

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

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events