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

Cambro investing $30.4 million in new N.C. injection molding plant

April 18, 2014 2:36 pm ET

Foodservice products manufacturer Cambro Manufacturing Co. Inc. plans to set up a satellite production and distribution operation in Mebane, N.C., to ...    More

Image

Increased orders prompt Georg Utz to add capacity, equipment in Indiana

April 18, 2014 12:20 pm ET

Plastic totes and tray orders have picked up to the point where manufacturer Georg Utz Inc. has added machines, silos and material feed systems to...    More

PolyQuest spins off FiberQuest unit

April 18, 2014 10:14 am ET

PolyQuest Inc. has spun off its FiberQuest unit — which distributes polyester staple fibers and cotton — as a separate company.    More

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events