FORT COLLINS, COLO. - Associated Molding LLC recently purchased a nearby custom injection molder, Seder Plastics Corp. Officials would not disclose terms of the sale. Both companies are based in Fort Collins.
Seder Plastics, which had sales of $500,000 last year, moved into its 23,000-square-foot plant in 1962. It serves the sporting goods and consumer products industries, with customers including Teledyne Waterpick. The company's owner, Gertrude Collier, had been in the plastics business for about 45 years.
``She just got tired,'' said David Bridge, Associated Molding general manager. ``We'd known her for a number of years and we approached her a year ago. Late last year, she called and we started talks.''
The deal was concluded in April, but announced in August.
With the purchase, Associated Molding moved from its 7,500-square-foot plant into Seder's plant. Associated Molding brought 12 injection presses of its own and added Seder's 11 presses, five of which were sold.
Associated Molding now has 18 injection presses with clamping forces of 28-400 tons. Two Seder employees also were added to the Associated Molding staff.
Associated Molding makes filter, regulator and lubricator parts for the airline industry and also serves the medical and computer markets with parts made from engineering resins. The firm had sales of $2.2 million last year.