LAWRENCE, MICH. — Custom injection molder Quality Assured Plastics is building a $2.5 million plant, its third. The company, which has 70 employees and 19 injection presses, has plants in Lawrence and Kalamazoo, Mich., and plans to be in the new one in Lawrence by October. Because of the need for more capacity, the 30,000-square-foot plant will have 12 injection presses and an assembly department.
Quality Assured Plastics also may include a training center in the plant. The firm works with Van Buren Technical Center, a vocational school, and the training center will be beneficial, said Treasurer Annette Crandall. The new plant will employ about 50.
Quality Assured Plastics processes most types of plastics and serves the automotive, electrical, packaging, appliance, agricultural, medical and recreation industries. The company reports injection molding sales of $3 million.
STAMFORD, CONN. — Oneida Rostone Corp. has completed an $8.8 million deal to buy Qualilty Molded Products Inc., a custom injection molder in Siler City, N.C.
ORC paid about $3 million in cash and assumed $5.8 million in debt to acquire QMP. First announced in September, the sale became final last month, according to ORC's Stamford-based parent, Reunion Industries Inc.
For 1995, QMP had $16.5 million in sales of injection molded parts in the housewares, office equipment, consumer goods, transportation and construction industries in the Southeast.
ORC of Oneida, N.Y., also has acquired another 68 percent of custom molder Data Packaging Ltd. of Mullingar, Ireland, for about $2.8 million. ORC already owned 27.5 percent of DPL.
PHILADELPHIA — A.S.K. Plastics Inc. has added its second injection press this year.
The Philadelphia firm in November installed a hydro-mechanical 720-ton Toshiba with a 180-ounce shot size and computer numerically controlled robotics, expanding its capacity for large-part and high-cavitation small-part molding.
The additional capacity will satisfy a surge in business from Rubbermaid Inc.'s Graco Children's Products Inc. of Elverson, Pa., and from a couple of molding jobs new this year, said Dan Kelly, A.S.K.'s vice president of sales. One of those jobs is molding plastic lenses for traffic lights and taillights, for an undisclosed customer.
``We've had growth in the overall business,'' Kelly said. ``We've been molding lenses [for six months] and that has pushed up our requirements.''
This year A.S.K. has invested more than $1.3 million in equipment, including $400,000 for the Toshiba, and $100,000 to equip a newly formed engineering department with an SDRC Ideas three-dimensional solid modeling system, and finite element analysis and mold-flow software.
A.S.K. also is midstream in implementing QS 9000 and expects to be certified by late 1997, Kelly said. A second-tier supplier to carmakers, the company liked the program and wanted to stay competitive, he added. He estimated sales at $18 million. The firm has 21 presses, including a 1,500-ton Cincinnati Milacron machine, added in February.