Skip to main content
Sister Publication Links
  • Sustainable Plastics
  • Rubber News
Subscribe
  • Sign Up Free
  • Login
  • Subscribe
  • News
    • Processor News
    • Suppliers
    • More News
    • Digital Edition
    • End Markets
    • Special Reports
    • Newsletters
    • Resin pricing news
    • Videos
    • Injection Molding
    • Blow Molding
    • Film & Sheet
    • Pipe/Profile/Tubing
    • Rotomolding
    • Thermoforming
    • Recycling
    • Machinery
    • Materials
    • Molds/Tooling
    • Product news
    • Design
    • K Show
    • Mergers & Acquisitions
    • Sustainability
    • Public Policy
    • Material Insights Videos
    • Numbers that Matter
    • Automotive
    • Packaging
    • Medical
    • Consumer Products
    • Construction
    • Processor of the Year
    • Best Places to Work
    • Women Breaking the Mold
    • Rising Stars
    • Diversity
    • Most Interesting Social Media Accounts in Plastics
  • Opinion
    • The Plastics Blog
    • Kickstart
    • One Good Resin
    • Pellets and Politics
    • All Things Data
    • Viewpoint
    • From Pillar to Post
    • Perspective
    • Mailbag
    • Fake Plastic Trees
  • Shop Floor
    • Blending
    • Compounding
    • Drying
    • Injection Molding
    • Purging
    • Robotics
    • Size Reduction
    • Structural Foam
    • Tooling
    • Training
  • Events
    • K Show Livestream
    • Plastics News Events
    • Industry Events
    • Injection Molding & Design Expo
    • Livestreams/Webinars
    • Editorial Livestreams
    • Ask the Expert
    • Plastics News Events Library
    • Processor of the Year submissions
    • Plastics News Executive Forum
    • Injection Molding & Design Expo
    • Plastics News Caps & Closures
    • Women Breaking the Mold Networking Forum
    • Plastics in Automotive
    • PN Live: Mergers and Acquisitions
    • Polymer Points Live
    • Numbers that Matter Live
    • Plastics in Politics Live
    • Sustainable Plastics Live
    • Plastics Caps & Closures Library
    • Plastics in Healthcare Library
    • Women Breaking the Mold Networking Forum Library
  • Rankings & Data
    • Injection Molders
    • Blow Molders
    • Film Sheet
    • Thermoformers
    • Pipe Profile Tubing
    • Rotomolders
    • Mold/Toolmakers
    • LSR Processors
    • Recyclers
    • Compounders - List
    • Association - List
    • Plastic Lumber - List
    • All
  • Directory
  • Resin Prices
    • Commodity TPs
    • High Temp TPs
    • ETPs
    • Thermosets
    • Recycled Plastics
    • Historic Commodity Thermoplastics
    • Historic High Temp Thermoplastics
    • Historic Engineering Thermoplastics
    • Historic Thermosets
    • Historic Recycled Plastics
  • Custom
    • Sponsored Content
    • LS Mtron Sponsored Content
    • Conair Sponsored Content
    • KraussMaffei Sponsored Content
    • ENGEL Sponsored Content
    • White Papers
    • Classifieds
    • Place an Ad
    • Sign up for Early Classified
MENU
Breadcrumb
  1. Home
  2. News
April 03, 1995 02:00 AM

TPI BUY GIVES NYPRO ROCKY MOUNTAIN FOOTHOLD

  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    Nypro Inc. is acquiring 50 percent of Technology Products Inc., a Longmont, Colo., custom injection molder of close-tolerance parts, mainly for the medical market. Nypro Colorado Inc. will begin operating July 1 from TPI's 20,000-square-foot plant in Longmont, said Nypro's corporate vice president, Randall Barko. The plant has 80 employees and 16 presses, with clamping forces of 30-250 tons. John Beach, sole owner and president of TPI, will head the joint venture as general manager.

    TPI recorded 1994 sales of $5.4 million. Barko said he expects that figure to reach $20 million in three to five years.

    The partnership gives TPI greater engineering and tooling resources. In exchange, Nypro gains a foothold in a region it has eyed for some time.

    ``We've been chatting back and forth for the last couple years and were finally able to put it together,'' Beach said in a March 28 telephone interview.

    The deal jelled during the pastthree months, Barko said. Neither he nor Beach would disclose terms.

    Since opening shop in 1975, TPI has been molding precision parts for original equipment manufacturers.

    Currently its market mix is roughly 80 percent medical, 20 percent telecommunications, Beach said. That medical business will augment Nypro's already-hefty share of the market; half of Nypro's $197.6 millionin annual sales come from molding medical device components and assemblies, according to Barko.

    The remainder of Nypro's sales are roughly half electronics and telecommunications - for customers such as Hewlett-Packard Co. and Verbatim Corp. - and half consumer products, Barko said.

    TPI's expertise in insert molding will give Nypro, which has ``very little'' capability in thatarea, another service to offer its customers. At Longmont four Newbury presses do insert molding, primarily medical components. One of the company's biggest jobs, Beach said, is a

    conductive cuvette used in lab work. Other insert work involves molding insulators onto electrosurgery blades, he said.

    The firm is registered with the Food and Drug Administration under the Medical Device Act, which requires traceability and adherence to good manufacturing practices, Beach said. Three of TPI's 16 presses run in a Class 100,000 clean room.

    TPI molds mainly for customers in the Denver metropolitan area, he said. Those include medical OEMs Aspen Laboratories Inc., Baxter International Inc. and Medtronic Inc.; as well as telecommunications firm Digital Equipment Corp., for which TPI molds small parts for computer disk storage.

    With few customers in common, the firms' merger creates ``more of a complementary customer base than ... overlap,'' Barko said.

    ``We've never really been competing for the same piece of business per se,'' he said.

    In fact, the Colorado plant will move Nypro closer to its customers with established operations in the area. Currently Marquest Medical Products Inc. of Englewood, Colo., is Nypro's biggest customer there.

    In time the firm will transfer Marquest's molds to Longmont, Barko said.

    Nypro tried to secure a plant in Colorado once before. A hoped-for venture with Marquest failed in 1993 while it struggled to recover from financial woes stemming from an FDA lawsuit filed in August 1991.

    Although Nypro and Beach have planned ``nothing concrete'' as far as expansion, Beach said the company will grow with its customer base.

    ``Part of Nypro's philosophy is to put plants close to their customers, so we'll probably continue to push regional growth,'' he said, adding that he expects the new company to grow ``pretty rapidly'' during the next two years.

    Barko said Nypro Colorado will upgrade its operations gradually, which includes building its toolmaking capability. TPI now makes 30 percent of its molds for use in-house, and subcontracts the rest.

    As with all Nypro plants, the venture's engineering and new-product development will come out of Nypro's Clinton, Mass., headquarters, a centralized approach that gets the product to market more quickly and keeps costs low, Barko said.

    Nypro employs about 1,889 at 10 U.S. molding plants, including one in Puerto Rico; worldwide it operates 18 facilities. The firm placed ninth in Plastics News' 1994 ranking of North American injection molders, with sales of $174.9 million for its fiscal year ended June 30, 1993.

    Corporate sales have doubled in the past five years, according to a recent company news release. Barko said he expects sales to reach $500 million by 2000.

    Nypro President and Chief Executive Officer Gordon B. Lankton holds majority interest in the employee-owned firm.

    RECOMMENDED FOR YOU
    Georgia home to new PET chemical recycling plant
    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Plastics News would love to hear from you. Email your letter to Editor at [email protected]

    Most Popular
    1
    Tornadoes, severe weather impact Texas resin plants
    2
    Dow cutting 2,000 jobs, ‘evaluating ... global asset base'
    3
    Guilty plea in scheme involving $4.1M in fraudulent polymer sales
    4
    MAPP survey shows ‘struggling' plastics processing sector
    5
    Plastics firms work to eliminate PFAS use as pressure mounts
    SIGN UP FOR OUR FREE NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Plastics News delivered straight to your inbox, free of charge.

    Subscribe today

    Subscribe to Plastics News

    Subscribe now
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter
    • Instagram

    Plastics News covers the business of the global plastics industry. We report news, gather data and deliver timely information that provides our readers with a competitive advantage.

    Contact Us

    1155 Gratiot Avenue
    Detroit MI 48207-2997

    Customer Service:
    877-320-1723

    Resources
    • About
    • Staff
    • Editorial Calendar
    • Media Kit
    • Data Store
    • Digital Edition
    • Custom Content
    • People
    • Contact
    • Careers
    • Sitemap
    Related Crain Publications
    • Sustainable Plastics
    • Rubber News
    • Tire Business
    • Urethanes Technology
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Processor News
        • Injection Molding
        • Blow Molding
        • Film & Sheet
        • Pipe/Profile/Tubing
        • Rotomolding
        • Thermoforming
        • Recycling
      • Suppliers
        • Machinery
        • Materials
        • Molds/Tooling
        • Product news
        • Design
      • More News
        • K Show
        • Mergers & Acquisitions
        • Sustainability
        • Public Policy
        • Material Insights Videos
        • Numbers that Matter
      • Digital Edition
      • End Markets
        • Automotive
        • Packaging
        • Medical
        • Consumer Products
        • Construction
      • Special Reports
        • Processor of the Year
        • Best Places to Work
        • Women Breaking the Mold
        • Rising Stars
        • Diversity
        • Most Interesting Social Media Accounts in Plastics
      • Newsletters
      • Resin pricing news
      • Videos
    • Opinion
      • The Plastics Blog
      • Kickstart
      • One Good Resin
      • Pellets and Politics
      • All Things Data
      • Viewpoint
      • From Pillar to Post
      • Perspective
      • Mailbag
      • Fake Plastic Trees
    • Shop Floor
      • Blending
      • Compounding
      • Drying
      • Injection Molding
      • Purging
      • Robotics
      • Size Reduction
      • Structural Foam
      • Tooling
      • Training
    • Events
      • K Show Livestream
      • Plastics News Events
        • Plastics News Executive Forum
        • Injection Molding & Design Expo
        • Plastics News Caps & Closures
        • Women Breaking the Mold Networking Forum
        • Plastics in Automotive
      • Industry Events
      • Injection Molding & Design Expo
      • Livestreams/Webinars
        • PN Live: Mergers and Acquisitions
      • Editorial Livestreams
        • Polymer Points Live
        • Numbers that Matter Live
        • Plastics in Politics Live
        • Sustainable Plastics Live
      • Ask the Expert
      • Plastics News Events Library
        • Plastics Caps & Closures Library
        • Plastics in Healthcare Library
        • Women Breaking the Mold Networking Forum Library
      • Processor of the Year submissions
    • Rankings & Data
      • Injection Molders
      • Blow Molders
      • Film Sheet
      • Thermoformers
      • Pipe Profile Tubing
      • Rotomolders
      • Mold/Toolmakers
      • LSR Processors
      • Recyclers
      • Compounders - List
      • Association - List
      • Plastic Lumber - List
      • All
    • Directory
    • Resin Prices
      • Commodity TPs
        • Historic Commodity Thermoplastics
      • High Temp TPs
        • Historic High Temp Thermoplastics
      • ETPs
        • Historic Engineering Thermoplastics
      • Thermosets
        • Historic Thermosets
      • Recycled Plastics
        • Historic Recycled Plastics
    • Custom
      • Sponsored Content
      • LS Mtron Sponsored Content
      • Conair Sponsored Content
      • KraussMaffei Sponsored Content
      • ENGEL Sponsored Content
      • White Papers
      • Classifieds
        • Place an Ad
        • Sign up for Early Classified