Lauren Plastics acquires Iso-Trude

By Jennifer Kalish
Editorial Intern

Published: November 6, 2013 5:24 pm ET
Updated: November 7, 2013 2:08 pm ET

Related to this story

Topics Mergers & Acquisitions, Pipe/Profile/Tubing, Extrusion

Lauren Plastics LLC, a division of Lauren International Ltd., has acquired Iso-Trude Inc., an extrusion and engineering company out of Spring Lake, Mich.

"We've been experiencing a good amount of growth across all of our businesses, and we started looking at options to continue with that growth," said Chuck Laney, president of Lauren Plastics. "We found Iso-Trude and they met a lot of the criteria that would make it a viable candidate."

Lauren Plastics acquired the company as a way to continue sales growth in the plastic profile extrusion arena, Laney said. Another reason for the acquisition was to provide additional space for manufacturing.

Lauren Plastics currently operates out of a 52,000-square-foot facility in New Philadelphia, Ohio, which is shared among three businesses, Laney said. As part of the transition, Lauren Plastics will move its operations from its facility in New Philadelphia to Iso-Trude's 220,000-square-foot facility in Spring Lake.

"We'll be relocating lines and some employees from Ohio to Michigan," he said. "It'll be a great addition to the building that we have here in Michigan — we'll be able to fill it up and get a nice manufacturing base to continue to grow."

Laney expects job losses to be minimal throughout the transition, as most of the Ohio employees will be relocated or absorbed into Lauren's sister companies.

"We see it as a positive on both sides," Laney said. "On the Michigan side we've already begun hiring people for the eventual joint operations here. On the Ohio side we've seen, over a four to six month period, a zero to low number of job losses … because of our companies and the number of opportunities we have to absorb some of the great people we have."

Craig Janusz, vice president and co-owner of Iso-Trude, agrees that the move will be a positive step on both sides, citing Iso-Trude's high-end extrusion capabilities and Lauren Plastics' value-added processes.

Lauren Plastics expects to start the transition to Spring Lake in early 2014, Laney said. He did not have a projection for when the project will be finished. The combined companies will operate under the name Lauren Plastics LLC.


Comments

Lauren Plastics acquires Iso-Trude

By Jennifer Kalish
Editorial Intern

Published: November 6, 2013 5:24 pm ET
Updated: November 7, 2013 2:08 pm ET

Post Your Comments


Back to story


More stories

Image

Silver-Line and Lasco Fittings earn sustainable manufacturing certification

October 2, 2014 11:42 am ET

The Plastic Pipe and Fittings Association (PPFA) certified the first two businesses — a pipe extruder and a fittings producer — to meet...    More

Image

RJG buys UK training group G&A

September 30, 2014 11:10 am ET

G&A Moulding Technology Ltd., a United Kingdom-based training and consultancy group, has been bought by RJG Inc., the U.S.-based training business.    More

Image

Clariant extends reach into Asia with acquisition

September 29, 2014 9:54 am ET

Clariant International Ltd. is buying VitaPac (HK) Industrial Ltd., a Hong Kong-based company which produces desiccant packets for the healthcare...    More

Image

Nypro Healthcare continues to grow following Jabil acquisition

September 26, 2014 1:59 pm ET

Nypro Healthcare's newest medical device manufacturing facility offers 200,000 square feet of carefully configured Class 8 clean room molding and...    More

Image

England's Essentra buying Abric Berhad

September 26, 2014 11:31 am ET

Packaging firm Essentra plc has announced the planned acquisition of Abric Berhad, a Kuala Lumpur-based manufacturer of security sealing products.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

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

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

More Events