Housewares acquisition includes Ohio molding plant

By Rhoda Miel
News Editor

Published: June 6, 2013 1:27 pm ET
Updated: June 6, 2013 1:29 pm ET

Related to this story

Topics Mergers & Acquisitions, Housewares, Injection Molding, Structural foam

The parent company of a Jackson, Ohio, molding company has been purchased in a housewares industry deal that unites two suppliers of ice buckets and other hospitality items.

Lancaster Colony Corp. of Columbus, Ohio, sold its Lancaster Colony Commercial Products Inc. subsidiary to Lancaster Commercial Products LLC, a private firm owned by Frederick Haleluk, who also owns Mr. Ice Bucket, a New Brunswick, N.J.-based retailing company.

Lancaster Commercial Products operations include Jackson Plastics Operations Inc. in Ohio, a custom injection molder and structural foam molder.

The companies did not disclose a purchase price.

“The transaction brings together two successful international companies with complementary product lines and reputable market brands,” Haleluk said in a June 5 news release. “We will plan for accelerated growth by leveraging our enhanced strengths in geographical coverage, production expertise and customer relationships.”

Mr. Ice Bucket works with outside contract manufacturers, touting its line as wholly made in the U.S. Its hospitality items are marketed toward home use, while Lancaster’s lines are targeted for the hotel and lodging industries.

The two firms will operate independently under the common ownership of Haleluk, who will be both CEO and chairman of the board. Ken Evans, president of Lancaster Commercial Products, said he does not expect any significant changes in key personnel or business agreements with suppliers or customers at this time.


Comments

Housewares acquisition includes Ohio molding plant

By Rhoda Miel
News Editor

Published: June 6, 2013 1:27 pm ET
Updated: June 6, 2013 1:29 pm ET

Post Your Comments


Back to story


More stories

Image

Louisiana molder expands into former Yoo-hoo bottling plant

October 31, 2014 1:51 pm ET

Noble Plastics Inc. plans to expand its manufacturing capabilities with the purchase of a former Yoo-hoo bottling plant in Opelousas, La., eight...    More

Image

Arburg inks training pact with Taiwan's Ming Chi University

October 31, 2014 2:24 pm ET

German injection molding press maker Arburg GmbH + Co. KG announced this week that it has inked a cooperative deal with Taiwan's Ming Chi University...    More

Image

Hong Kong injection molding equipment maker enters US market

October 31, 2014 1:39 pm ET

Hong Kong-based L.K. Technology Holdings Ltd. is entering the North American plastics processing market with a line of its eXcel injection molding...    More

Image

Magna opens new exterior facility, plans for lighting investment

October 30, 2014 1:36 pm ET

Canadian automotive supplier Magna International Inc. on Oct. 28 opened a new injection molding and robotic paint line facility in Delta Township,...    More

Image

Xten may shut down, working on sale to Commercial Plastics

October 29, 2014 5:49 pm ET

Xten Industries LLC is working on a sale to Commercial Plastics Co. of Mundelein, Ill. Xten, an injection molder based in Kenosha, Wis., filed a Worke...    More

Market Reports

Pipe, Profile & Tubing Extrusion Market Trends

This report provides in-depth analysis of current trends, statistics and innovations in product design and production impacting the PP&T industry in North America.

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 million dollar 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