Lincoln Foodservice Products Inc. entered the plastic cookware and tableware market Sept. 2 by purchasing National Plastics Corp., a Port Gibson, Miss., subsidiary of Perstorp AB of Perstorp, Sweden. Terms were not disclosed.
``We have aggressive plans to grow it,'' Robert McAfee, Lincoln's president and chief executive officer, said in a telephone interview from his firm's head office in Fort Wayne, Ind.
McAfee said the former Perstorp operation fits Lincoln's business because both focus on commercial sales and not consumer-oriented items. The Port Gibson business will complement Lincoln's traditional aluminum-based products and allow it to capitalize on plastic's replacement of metals in commercial cooking and related products
National Plastics' sales are about $12 million a year and comprise Prolon melamine resin-based tableware, food trays and similar products, and thermoplastic storage containers, salad bar items, bowls and other items.
``They have the same distribution and customer base,'' McAfee noted. Lincoln's products include aluminum cookware and food-processing equipment.
The firm has annual sales of about $80 million. It is a subsidiary of Welbilt Corp. of Stamford, Conn., which in turn is a subsidiary of Barrisford plc, a public company traded on the London stock exchange.
Perstorp officials in North America declined comment on the deal, but one said National Plastics was based in Florence, Mass., until the mid-1970s when it moved to Mississippi. Perstorp Compounds of Florence supplied melamine resins to National Plastics and other customers.