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

Accella buys IPS Polymer Systems

March 3, 2015 5:26 pm ET

Accella Performance Materials Inc. is acquiring IPS Polymer Systems Inc. to expand the firm's growing polyurethane operation.    More

Image

Coveris sees 'common culture' form after mergers, acquisitions

March 3, 2015 11:37 am ET

Coveris Holdings Corp. is a mega-rollup in packaging, a major international player, said Robert Larson, president of Coveris' Food and Consumer North ...    More

Image

Bayer expands with acquisition of Germany's Thermoplast Composite

March 3, 2015 10:59 am ET

Bayer AG's Bayer MaterialScience LLC has bought composite materials specialist Thermoplast Composite GmbH based near Nuremberg, Germany.    More

Image

Almost half of mid-market firms say they are looking to buy competitors

March 2, 2015 3:52 pm ET

There are steps that plastics business owners can take to keep the mergers and acquisitions parade rolling into 2015.    More

Image

Ferro acquires TherMark Holdings for $5.5 million

February 26, 2015 12:15 pm ET

Ferro Corp. said it acquired privately held TherMark Holdings Inc., a laser marking technology company, for $5.5 million in cash.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

Plastics in Mexico - State of the Industry Report

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

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events