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

Canadian mold maker Thibault adding to new operation in Mexico

August 27, 2014 3:19 pm ET

Canadian mold maker I Thibault Inc has purchased an established Mexican company, Tecnimoldes SA de CV, for a seven-figure-dollar-sum and renamed it...    More

Image

Mission Plastics brings new automated work cell on line

August 26, 2014 4:17 pm ET

Custom injection molder Mission Plastics Inc. and a customer have created a $1.5-million automated work cell for a medical diagnostics product.    More

Image

Megadyne buying Belt Corp. of America

August 26, 2014 10:35 am ET

In a move aimed at building its specialty belting manufacturing and fabrication operations, Jason Industrial Inc. — Megadyne SpA's wholly owned ...    More

Image

Sonoco buys Germany's Weidenhammer, plans for thin-walled packaging growth

August 25, 2014 1:41 pm ET

Sonoco Products Co.'s acquisition of Weidenhammer Packaging Group GmbH of Germany includes plastic packaging technology that the company is targeting ...    More

Image

Deceuninck buys PVC window maker Pimas, adds capacity in Turkey, Russia

August 25, 2014 2:26 pm ET

European building products manufacturer Deceuninck Group has acquired 81.2 percent of Pimas Plastik Insaat Malzemeleri AS, the leading PVC window prof...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events