Colorado's Intertech Plastics acquires Image Molding

By Michael Lauzon
Correspondent

Published: July 19, 2013 1:54 pm ET
Updated: July 19, 2013 1:57 pm ET

Related to this story

Topics Mergers & Acquisitions Housewares Medical Injection Molding
Companies & Associations

Custom injection molder Intertech Plastics Inc. is pushing into the disposable medical products market with the acquisition of Image Molding Inc. this month. Terms were not disclosed.

“We’ve had a very small medical business but not a white room or clean room,” said Intertech CEO Noel Ginsburg in a telephone interview from Intertech’s head office in Denver. “We’ve gained those capabilities and a new facility.”

Ginsburg said Intertech will keep Image’s plant in Denver open. Original owners Ewan Grantham and Tony Lonardo, president and operations director, respectively, will continue with the medical business in the same postings. Intertech has set up a separate division around Image for its medical business. Other Intertech markets include consumer products and industrial.

Ginsburg said Image brings to the table ISO Class 7 clean room injection molding, small-parts expertise and medical-specific protocols. Image also has a tool shop, a new manufacturing option for Intertech. Intertech offers the Image business systems processes and support. Intertech’s integrated technology allows linking up all equipment in real time. The firm relies on IQMS systems in its technology suite.

Image’s products include syringes, connectors and other small parts. It has two-shot molding capacity and specializes in precise molding.

The combined companies have about 50 injection presses, 200 employees and about 160,000 square feet of manufacturing space. Intertech claims it now is one of the largest injection molding companies in the Denver area and the Rocky Mountain region. Ginsburg said Intertech molds a range of commodity and engineering resins.

Ginsburg said in an interview with Plastics News early this year that his company logged sales of $35 million in 2012. He declined to provide sales for Image. Late in 2012, Intertech added a new Husky 1,100-ton press, and another 1,000-ton press in early 2013. The combined businesses have clamping forces of 33 to 1,500 tons.

Part of Intertech’s growth has been molding work relocating from China to the U.S. Value-added services have helped the company land new work. A key market is big-box store products like laundry baskets, trash cans, storage containers, phone and tablet cases, and utensils.

A member of President Barack Obama’s cabinet is scheduled to visit Intertech on July 19. Secretary of Commerce Penny Pritzker will visit the firm’s operation as part of a nationwide tour to meet with businesses, entrepreneurs, academics and Commerce Department employees. Ginsburg said the visit partly stems from his work as founding chairman of the Colorado Advanced Manufacturing Alliance in 2012.


Comments

Colorado's Intertech Plastics acquires Image Molding

By Michael Lauzon
Correspondent

Published: July 19, 2013 1:54 pm ET
Updated: July 19, 2013 1:57 pm ET

Post Your Comments


Back to story


More stories

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is...    More

Image

Caplugs gets new private equity owner

April 16, 2015 11:17 am ET

Caplugs, a major producer of caps, plugs, tubing, netting and other protective goods for industry, has a new owner.    More

Image

A. Schulman, Citadel discuss the $800 million deal

April 15, 2015 1:45 pm ET

The $800 million match of materials maker A. Schulman Inc. and Citadel Plastics felt good from the start. “Everything in our first meetings show...    More

Market Reports

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 Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

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

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events