Elkhart Plastics buys El Monte Plastics

By Bill Bregar
Senior Staff Reporter

Published: February 18, 2014 1:09 pm ET
Updated: February 18, 2014 1:14 pm ET

Image By: Plastics News Jack Welter

Related to this story

Topics Mergers & Acquisitions, Rotomolding

Rotational molder Elkhart Plastics Inc. has purchased the assets of El Monte Plastics Inc., including two rotomolding factories located a mile apart in the western Ohio town of Ohio City.

Elkhart Plastics CEO Jack Welter said the South Bend, Ind.-based company bought El Monte "for a combination of additional capacity needed, and their customer base." Elkhart Plastics will continue to run the factories.

Ohio City is just across the Ohio line from Fort Wayne, Ind., in the heart of recreational vehicle manufacturing. That sector is El Monte's largest market, for parts such as water tanks.

"El Monte has been a strong supplier to the RV industry since they were founded and will complement our overall business mix," Welter said. The two plants, measuring a combined 70,000 square feet, have seven rotomolding machines. The equipment fleet includes two large Ferry 400s.

Elkhart Plastics bought the assets of El Monte from the families of its founders, Gene Kite and Bill Burlingham, Welter said. Terms were not disclosed for the deal, announced Feb. 13.

Elkhart has offered jobs to all 30 El Monte employees.

Kite and Burlingham founded El Monte in California in 1969. All the companies operations were now in Ohio City.


Comments

Elkhart Plastics buys El Monte Plastics

By Bill Bregar
Senior Staff Reporter

Published: February 18, 2014 1:09 pm ET
Updated: February 18, 2014 1:14 pm ET

Post Your Comments


Back to story


More stories

Image

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    More

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

Kayak maker Confluence taking on a broader outdoor products business focus

August 26, 2014 12:54 pm ET

Canoe and kayak rotational molder Confluence Watersports Co. has a new owner and a new name — Confluence Outdoor Co. — that reflects a...    More

Image

New executives look to increase business at Little Tikes, Step2

August 26, 2014 12:46 pm ET

Northeastern Ohio toy rotational molders Step2 Co. LLC and Little Tikes Co. both have new top executives: Thomas Doherty at Step2 and Bill Cofield at ...    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