Robert Janeczko sells i2tech to his son Josh

By Bill Bregar
Senior Staff Reporter

Published: August 12, 2014 5:28 pm ET
Updated: August 12, 2014 6:13 pm ET

Robert Janeczko

Related to this story

Topics Mergers & Acquisitions, Injection Molding

Robert Janeczko has sold his majority stake in Innovative Injection Technologies Inc., the West Des Moines, Iowa, custom injection molder, to his son Josh Janeczko.

Robert had owned 51 percent of the company known as i2tech, and Josh had 49 percent. Josh Janeczko now is sole owner.

Robert will remain as chairman of the board of directors of i2tech, allowing him to be involved with strategic issues like expansion and acquisitions. He also will continue to serve on the Society of the Plastics Industry Inc.’s processors council.

“So the answer is no retirement parties of plastic watch at this time,” he joked.

Josh Janeczko said the company’s operations will remain the same. “This is going to be a non-issue to our employees,” he said.

The father-son team bought the company, formerly known as Mid-Central Plastics Inc., in 2003. Josh Janeczko increased his ownership stake over the years.

“My intention from our very first day of business was to transfer the company to Joshua,” Robert Janeczko said. “In the past 11 years, he has served as quality manager, production manager, director of operations, general manager and most recently as our president. He is a very competent businessman with excellent leadership skills and I am confident he will continue to guide the company’s award-winning strategies.”

Josh Janeczko

The company has been selected as John Deere Agricultural Equipment Supplier of the Year, is a three-time winner of the Arctic Cat Supplier of the Year and was inducted into the John Deere Supplier Hall of Fame in 2006.

Plastics News named i2tech its Processor of the Year in 2007.

Mid-Central Plastics began in 1960 as a molder of plastic nozzles and fishing lures.


Comments

Robert Janeczko sells i2tech to his son Josh

By Bill Bregar
Senior Staff Reporter

Published: August 12, 2014 5:28 pm ET
Updated: August 12, 2014 6:13 pm ET

Post Your Comments


Back to story


More stories

Image

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    More

Image

Jarden hiring for new plastics plant

December 19, 2014 1:45 pm ET

Consumer products conglomerate Jarden Corp. is hiring plastics technicians for a new operation in Erlanger, Ky.    More

Image

The return of HPM's big presses

December 19, 2014 11:47 am ET

HPM is back in big injection molding machines.    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS fr...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events