Dayton, Ohio-based profile extruder Plastic Trim Inc. is investing more than $1 million to expand its capacity. It also is searching for an injection molding company to acquire. PTI recently added a 17th extrusion line to its 110,000-square-foot plant in Beavercreek, Ohio, and plans to start yet another line by the third quarter. The expansion will add 10-15 employees to the staff of 190.Plastic Trim specializes in PVC automotive profiles.
``We received several new, major contracts and we want to add more processes for our customers to choose from,'' said President Bill Mercurio.
Plastic Trim would like to add another injection molding firm to its lineup. The company already has 10-15 injection presses with clamping forces of 50-500 tons, from acquiring Epton Industries, a Kitchener, Ontario-based company, last year. PTI subsequently moved Epton's presses to Ohio.
``Our strategy is to be a company that can sell to a customer without being biased toward our only process. It will give our customers the decision to do what's best for them,'' according to Mercurio.
He said the injection molding business employs 10 and its sales exceed $10 million.
However, with the company's concentration on extrusion, he is searching for a firm that can match the color and grade on injection molded parts to the extruded parts.
``I've looked at more than 10 companies but I haven't found one that will perfectly fit our needs,'' he added.
Mercurio and others bought Plastic Trim in 1990. By 1994, the company has grown from sales of roughly $25 million, to $65 million.
To keep the company growing, the owners sold it to JPE Inc. of Ann Arbor, Mich., in April 1995.
Plastic Trim reported sales of $57.6 million for the fiscal year ended Dec. 31, while JPE reported sales of $169.2 million. Mercurio said he expects his firm to reach $70 million in sales next year.