New Castle Industries Inc. now is manufacturing plastics machinery barrels with the Oct. 6 acquisition of Bimex Corp. of Wales, Wis. NCI, which makes replacement screws and chill rolls, bought Bimex from Littleford Group Inc. of Florence, Ky., for undisclosed terms, said NCI spokeswoman Tamar Mikaelian.
The buy will enable NCI to be a single-source supplier of specially engineered barrels and screws for extrusion and injection molding.
NCI's screw business has been booming since last year, Mikaelian said. It operates two plants in New Castle, Pa., where it employs about 200.
In Wales, a Bimex facility houses manufacturing of bimetallic barrels and liners for extrusion, injection and blow molding, and research and development. It employs 65.
The firms had no customers in common since Bimex served mostly original equipment makers, and NCI processors.
Buying Bimex also will give NCI, well-known as a supplier of extrusion screws, a bigger piece of the injection molding market, which since last year it has pushed to expand.
NCI President James D. Frankland will head up Bimex. Denise Lomax will remain as vice president and general manager at the new NCI subsidiary, now called Bimex Industries Inc.
``We're tremendously excited about joining these two companies together,'' Lomax said in an Oct. 18 interview. ``Being able to provide a screw and cylinder package is a tremendous asset.''
Mikaelian said the transition will be smooth, without layoffs or delays in customer service. The firms plan to pool their sales forces ``to get the most out of the market,'' Lomax said.
Privately held NCI was founded in 1976.