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

Mission Plastics brings new automated work cell on line

August 26, 2014 4:17 pm ET

Custom injection molder Mission Plastics Inc. and a customer have created a $1.5-million automated work cell for a medical diagnostics product.    More

Image

Megadyne buying Belt Corp. of America

August 26, 2014 10:35 am ET

In a move aimed at building its specialty belting manufacturing and fabrication operations, Jason Industrial Inc. — Megadyne SpA's wholly owned ...    More

Image

Sonoco buys Germany's Weidenhammer, plans for thin-walled packaging growth

August 25, 2014 1:41 pm ET

Sonoco Products Co.'s acquisition of Weidenhammer Packaging Group GmbH of Germany includes plastic packaging technology that the company is targeting ...    More

Image

Deceuninck buys PVC window maker Pimas, adds capacity in Turkey, Russia

August 25, 2014 2:26 pm ET

European building products manufacturer Deceuninck Group has acquired 81.2 percent of Pimas Plastik Insaat Malzemeleri AS, the leading PVC window...    More

Image

New contract for JCI workers heads off potential strike in Ontario

August 25, 2014 3:17 pm ET

About 300 unionized workers at a Johnson Controls Inc. interiors plant in Ontario ratified a new three-year contract, heading off a potential strike a...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

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

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