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

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


More stories

Image

Milacron opening Mexico technical center, considers another in Brazil

December 16, 2014 12:58 pm ET

Milacron LLC plans to officially open a new technical center in Querétaro, 140 miles northwest of Mexico City, early in 2015, and the company is...    More

Image

Plastikos, Micro Mold working with local high school

December 15, 2014 6:00 am ET

The companies donated a 60-ton Demag injection press to the school, and Micro Mold’s general manager has worked with the high school's tool...    More

Image

New leader gives molder a spark

December 12, 2014 11:40 am ET

A dynamic 32-year-old woman is energizing a Woodstock, Ill., injection molding business that her grandfather, now 80, founded as a tool shop.    More

Image

Automotive supplier IAC expands in Alabama

December 12, 2014 12:34 pm ET

Automotive giant International Automotive Components has expanded its Alabama operations with a new 126,000-square-foot facility located adjacent to...    More

Image

UK recycler Eco Plastics sold to German investment group

December 12, 2014 11:19 am ET

Recycler Eco Plastics has been bought by Aurelius AG, a Grünwald, Germany-headquartered investment firm, for an undisclosed sum.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events