Injection molder River Bend taking on Thermold Magazines work

By Frank Antosiewicz
Correspondent

Published: September 11, 2013 2:22 pm ET
Updated: September 11, 2013 2:26 pm ET

Image By: Plastics News file Ron Embree

Related to this story

Topics Mergers & Acquisitions, Injection Molding

North Carolina-based Thermold Magazines Inc., a maker of gun magazines and accessories, is moving its headquarters and production to the confines of River Bend Industries LLC in Fort Smith, Ark.

The combined effort will add 65 jobs and require an investment over $7 million, according to an announcement from Arkansas Gov. Mike Beebe.

River Bend will take over molding and assembly of Thermold's products, while Thermold will continue to offer sales and service.

"We worked with the Arkansas Economic Development Commission and the Governor, and will partner with a company that is already established and we think will do a good jobs with the manufacturing," said Sylvan Bednar, president of Thermold Magazines, in a telephone interview.

Bednar said the location will allow the firm to ship to any North American customer within two days. He said the company will receive various tax incentives, and that officials are preparing to build what essentially is a factory within a factory.

"Literally, today is our jumping off point," he said, noting that preparations for the move are currently underway.

Bednar was unsure how many workers would make the move to Arkansas and said details are still being worked out. He said the company had a similar factory-within-a-factory setup in North Carolina, but did not elaborate.

Thermold was started in the 1960s as an injection molder to serve the automobile industry. Its founder, William Howard, was a big game hunter, and the company developed a nylon magazine that resisted heat and corrosion. Today the products are used by the military, law enforcement and sportsmen.

"It is a really good move for River Bend, Thermold and the local area," said Ron Embree, president and CEO of River Bend.

Embree said working with Thermold will give River Bend a new market to serve. Although, the company has not made the magazines before, it has experience with the materials and the technologies involved.

River Bend has 85 employees in Fort Smith. It runs 48 injection molding machines and two blow molding machines. Overall, it runs 108 presses at three facilities — two in Fort Smith and one in Victor, Iowa.

The company had been hurt a few years ago when manufacturers like Whirlpool Corp. and Fortis Plastics LLC closed nearby facilities. River Bend recovered by going after new business, most notably the Kosmo Cooler, a cooler with metal legs that can be used for athletic events, camping and construction sites.


Comments

Injection molder River Bend taking on Thermold Magazines work

By Frank Antosiewicz
Correspondent

Published: September 11, 2013 2:22 pm ET
Updated: September 11, 2013 2:26 pm ET

Post Your Comments


Back to story


More stories

Image

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-...    More

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

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