Sencorp Systems Inc., a Hyannis, Mass., thermoforming machinery maker, has acquired a small competitor, Armac Industries Ltd. of Fall River, Mass., for about $1 million. Armac reported sales of less than $2 million for each of the past three fiscal years, according to an announcement issued by DT Industries Inc., parent of Sencorp.
Both Sencorp and Armac make roll-fed thermoformers and blister packaging equipment. The companies will continue to maintain separate manufacturing and engineering facilities in Hyannis and Fall River. However, they plan joint marketing efforts, so Armac can gain from Sencorp's export sales, Sencorp President Anthony Giovannone said.
DT Industries became a public company in April after an initial offering on the Nasdaq exchange. Sencorp operates under DT Industries' Special Machines Group, which makes custom and proprietary machines and integrated systems. DT's other group, Metal Products, does metal stamping and fabrication.
The Armac purchase ``is another step in our strategic plan to provide our customers with integrated, automated systems'' for plastic packaging, said Stephen Gore, president and chief executive officer of DT Industries, based in Lebanon, Mo.
Another DT unit, Detroit Tool & Engineering Co., also of Lebanon, licenses technology for in-line thermoforming of large sheet for the appliance industry from an Italian company, R.I.G.O Group srl of Milan, Italy.
DT Industries' fiscal year concludes at the end of June. For the first six months of fiscal 1995, ended Dec. 25, 1994, the company reported sales of $59.5 million, up nearly 40 percent from the year-ago figure of $44.1 million. Profit for the first six months nearly doubled, to $2.85 million, up from $1.52 million for the same period a year ago.
DT Industries does not break out Sencorp's sales. Since August 1992 the firm has acquired seven companies, including Sencorp.
