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

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

Smartphone work adds 52 percent to sales for China's Eva Precision

September 18, 2014 4:37 pm ET

Growth in supplying the smartphone and automotive industries helped Chinese processor Eva Precision Holdings Ltd. push injection molding sales up 52...    More

Image

Nolato Contour beefs up white room molding capabilities

September 18, 2014 11:56 am ET

Nolato Medical has extended its controlled environment options to include a white room at its Baldwin, Wis., Nolato Contour plant.    More

Market Reports

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

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

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

Upcoming Plastics News Events

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

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

More Events