CHICAGO—PH Group Inc.'s Trueblood division (Booth S1382), which manufactures vertical insert molding machines, has acquired St. Lawrence Press Inc., a Michigan company that produces large compression molding presses. The deal took place April 29, according to Robert Thompson, Trueblood's national sales manager.
Terms of the agreement were not disclosed.
The PH Hydraulics division of PH Group, which produces mainly hydraulic presses for metal-stamping, has made some compression molding machines for the plastics industry, along with some reaction injection molding presses.
``We have built compression molding machines in the past. This acquisition allows us to build much bigger machines,'' Thompson said in a June 15 interview at the company's NPE booth in Chicago, the day before the show began.
St. Lawrence Press makes very large compression molding machines, including ones larger than 3,000 tons. The machines are used to process sheet molding compound and bulk molding compound.
St. Lawrence Press has 25,000 square feet of manufacturing space in Romulus, Mich.
The acquisition means that Trueblood, headquartered in Columbus, Ohio, has total space for manufacturing of 40,000 square feet.
At NPE, Trueblood is not showing any St. Lawrence Press machinery.
Several insert molding machines are on display at Trueblood's booth, including 150-and 350-ton presses.
St. Lawrence Press becomes the third division of PH Group.