In separate deals, Plastiflex Co. Inc. acquired the plastic hose and tubing unit of FPI Thermoplastic Technologies, and FPI's Cosmepak division bought the teen-oriented cosmetic organizer business of Sassaby Inc. Plastiflex expanded its flexible-plastic vacuum-hose business to about $35 million in annual sales from $22 million with the Feb. 12 acquisition.
Plastiflex takes over FPI plastic hose and tubing operations that, depending on seasonality, employ 70-100 at plants in Whippany, N.J., and Santa Ana, Calif. The division accounted for about half of FPI's sales.
The acquisition makes Plastiflex ``the largest North American producer of plastic hose and tubing for the swimming pool, spa, industrial and commercial vacuum industries,'' according to David McIvor, company president.
Plastiflex employs 200 at plants in its headquarters location of Anaheim, Calif., and also in Centralia, Ill., and Orangeville, Ontario.
Plastiflex Co. Inc. is a unit of Luxembourg's Plastiflex Participations SA, which has other factories in Australia, Belgium, England, Spain and South Africa.
FPI's continuing business employs 150 and operates 17 presses for thermoplastic injection molding at a Morristown, N.J., plant, according to Brian Murray, FPI chief executive officer. FPI was formed in 1948.
Sebastian Murray, Cosmepakpresident and the CEO's son, said, ``We acquired Cosmepak in 1985 and have been expanding ever since, passing our main competitor last year.''
Cosmepak had a 27 percent market share in 1995's third quarter, according to Information Resources Inc., and, in adding Sassaby's 15 percent share, cements its market position. Its competitor, Plano Molding Co.'s Caboodles division, commands 25 percent of the market, according to IRI data.
In making cosmetic beauty cases, trays and bags, Cosmepak injection molds polypropylene for most products but now uses some non-plastic materials such, as fabric, in its products.
Cosmepak acquired Sassaby's cosmetic-organizer molds and business assets and is hiring one marketing manager for the line.
Sassaby uses subcontractors to make a teenager-targeted cosmetics line, Jane by Sassaby, said Howard Katkov, chief executive of the firm in Cardiff-by-the-Sea, Calif.
Cosmepak with organizers and Sassaby with cosmetics will join forces in promotions pairing the products. Mass merchandisers, drug stores and housewares merchandisers carry the lines.