Landmark Plastic Corp. has purchased the assets of injection molder Reb Plastics Inc., based in Avon Lake, Ohio. Landmark vacuum forms a range of proprietary plastic products for the horticultural market, and had been looking for an injection molding acquisition for about four years, said spokesman Steven Pavelka.
Reb is closing its leased, Avon Lake plant; Landmark will move an undisclosed number of the plant's presses, auxiliary and mold repair equipment into its new, 200,000-square-foot facility in Akron, Ohio. Landmark already was doing limited injection work in Akron, he said.
The new plant, which opened in November, gives Landmark more than three times the room it had at its old site, and was built with the intent to move the firm into injection molded horticultural products, Pavelka said.
Also part of the deal is Reb's operation in Orlando, Fla., which will continue to injection mold a line of polypropylene pots and hanging baskets under its own trademark.
That leased, 65,000-square-foot plant has 35-37 workers, and more than a dozen presses with clamping forces of 165-450 tons, Pavelka said. It also does a small amount of thermoforming. Terms were not disclosed.
The Florida plant gives Landmark a share of the South, ``pretty much a year-round market,'' he said. As for product, there is ``very little overlap'' between the firms, less than 10 percent, he said, with Reb geared more toward the merchandising end of the market, and Landmark toward containers used by growers and greenhouses to take plants through various stages of propagation and growth.
Neither firm is a custom molder, though Pavelka said Land-mark does ``a wee bit of custom work.''
``We do make versions of our proprietary products-for example, a specific color, for a customer,'' he said.
Pavelka would not release sales figures for the firms. Although Landmark serves some specialty niches overseas, most of its business is North American, he said.
Some of Reb's 35-40 Avon Lake employees have been offered jobs, according to Pavelka. For now, Landmark employs more than 100 in Akron, but expects to add more to run the newly acquired injection machines.
It operates about a dozen thermoformers.