AcroTech Industries Inc. completed its acquisition of Posso Corp., a custom injection molder in Kerrville, Texas, on Aug. 21 for an undisclosed sum. AcroTech is an affiliate of Acrometal Cos. Inc., a multi-plant company based in Brainerd, Minn.
This is AcroTech's first venture outside Minnesota.
Posso operates a 68,000-square-foot facility that has 34 presses with clamping forces of 125-475 tons. The plant employs 40.
Richard Kibel remains as general manager of the new AcroTech Industries injection molding plant.
AcroTech President Paul Lindbloom said the Posso acquisition is consistent with the company's plans to diversify fur-ther into the plastics industry. AcroTech operates one blow molding facility, Crosby Manufacturing, in Crosby, Minn.
Lindbloom said he began looking in the Texas area to establish a contract manufacturing plant located near key customers, to eliminate costs associated with transporting large blow molded parts.
``Posso came to our attention and really fit with a lot of our goals, including obtaining a presence in injection molding and the ability to service our customers' total needs,'' Lindbloom said.
AcroTech's plans include setting up a blow molding opera-tion in Kerrville within the next year, along with complete assembly operations.
Acrometal Cos. owns a foundry, Progress Castings Group, and does metal stamping and phenolic compression molding.
Acrometal is a privately held corporation with 1,000 employees.
The company serves a diverse customer base of original equipment manufacturers, including 3M, Ampex, Harley Davidson and Polaris Industries.