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 Housewares, Mergers & Acquisitions, 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

Three advancements have driven injection molding technology

November 21, 2014 6:00 am ET

Injection molding technology has made major advances in the last 25 years, from largely a world of shoot-and-ship to doing as much as possible at the ...    More

Image

Netstal, Electra Form team up for PET preform partnership

November 20, 2014 3:15 pm ET

The Netstal division of Krauss-Maffei Corp. is teaming up with Electra Form Industries in a partnership to offer PET preform machines and molds as a...    More

Image

Thomson Plastics opens N.C. plant

November 20, 2014 3:12 pm ET

Custom injection molder Thomson Plastics Inc. has opened a new manufacturing facility in Lexington, N.C.    More

Image

Coveris changes culture, eyes IPO

November 20, 2014 1:40 pm ET

CEO Gary Masse has a simple message, and some new math, for everyone at Coveris Holdings Corp. Get on board or get out of the way.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    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