GARDENA, Calif. - Rotonics Manufacturing Inc., a heavyweight in the field of rotational molding, plans to purchase Custom Rotational Molding Inc. of Arleta, Calif. Rotonics, based in Gardena, expects the acquisition to add about $4.5 million to its annual sales. Rotonics reported sales of $17.1 million for the six months ended Dec. 31, up about 17 percent from $14.6 million for the same period a year ago.
Rotonics will exchange stock valued at $600,000 for CRM, said Sherman McKinniss, president and chief executive officer of Rotonics. Ewald J. Consen, CRM's sole shareholder and chief executive officer, will be offered a three-year employment agreement with Rotonics.
Rotonics has been very active in the past year. In September it bought a 63,000-square-foot plant in Bensonville, Ind., to replace a 25,000-square-foot plant in Itasca, Ind. It also added 5,600 square feet of manufacturing space to its 40,000 square foot space in Barstow, Fla.
In October 1994 Rotonics bought a new rotational molding line to be installed in its Deerfield, Wis. plant.