VistaTek acquires UFE complex

By Frank Antosiewicz
Correspondent

Published: March 8, 2013 1:21 pm ET
Updated: March 8, 2013 1:29 pm ET

Related to this story

Topics Injection Molding

VADNAIS HEIGHTS, MINN. -- Vista Technologies LLC plans to more than triple the size of its operations with the purchase of a two-building, 56,000-square-foot complex in Stillwater, Minn., that formerly housed the operations of UFE Inc.

"We've done some internal growing. Now it is time to expand externally," said Dan Mishek, managing partner of Vadnais Heights, Minn.-based VistaTek, in a telephone interview.

He said VistaTek has boosted its certifications such as ISO 9001:2008 and UL in recent years, and its 15,000-square-foot facility is getting cramped.

The company is planning an 18-mile move to Stillwater, where it will refurbish the UFE complex, which has been closed since 2009, he said. VistaTek plans to occupy the building by July.

The company was started in 1996 as Vista Technologies by Jim and Lorinda Mishek. It is now owned by their children, Dan and Allen, and Jennifer Sutherland, and uses the name VistaTek.

The two buildings — with 48,000 and 8,000 square feet of space — were used for injection molding before, so they offer a strong base to work with, Dan Mishek said. VistaTek will redo the floors, paint the walls, update the lighting and add a heating and cooling system.

VistaTek is adding a Milltronics high-speed milling machine, as well as three Arburg injection molding machines. When the facility is up and running, it will have seven presses, with clamping forces up to 220 tons.

"Ideally we would like to have them delivered to Stilllwater and bring them online so there is no downtime during the move," said Mishek, noting that once the new machinery is running, it will allow a controlled move from Vadnais Heights.

He said all 26 employees are expected to make the move and they are already looking to hire six more workers. The company worked with Stillwater officials and gained a five-year tax incremental financing agreement for $250,000. It does require that the company maintain 35 employees.

Mishak said that sales are rising this year in both mold making and molding. He said the company has been successful in offering quick-turn tools in 1-3 weeks and production tools in 2-3 weeks.

The extra room will boost its ability to handle an increasing workload.


Comments

VistaTek acquires UFE complex

By Frank Antosiewicz
Correspondent

Published: March 8, 2013 1:21 pm ET
Updated: March 8, 2013 1:29 pm ET

Post Your Comments


Back to story


More stories

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Uni Cap to build cap molding plant in Jordan

November 25, 2014 12:57 pm ET

The Persian Gulf's largest molder of caps and closures is investing $10 million in a new factory near Amman, Jordan, as part of an effort to boost...    More

Image

Canada's Papp Plastics is eyeing big opportunities with JV in Mexico

November 24, 2014 4:11 pm ET

Canadian injection molder and turnkey solution provider Papp Plastics & Distributing Ltd. will open an $11 million to $12 million joint venture...    More

Image

AMA Plastics adds presses, changes management structure

November 24, 2014 3:57 pm ET

AMA Plastics Inc. has strengthened its management structure, received recognition for entrepreneurship, achieved quality improvements and added three ...    More

Image

Indiana injection molder PRD expands

November 24, 2014 1:56 pm ET

Automotive supplier PRD Inc. is expanding its manufacturing facility in Springville, Ind.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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 Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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