GREENVILLE, S.C.—Injection molder Beacon Plastics Inc. has expanded its mold-making capability by buying Seven Springs Tool and Machine of Vilonia, Ark. Terms were not disclosed.
Beacon, based in Greenville, plans to move its four mold-maker machines from a factory south of Little Rock to Seven Springs. That will put a total of nine mold-making machines in the Vilonia plant, which will be managed by Earl Johnson Jr., former owner of Seven Springs.
The purchase makes Beacon more competitive in high-performance, engineering molding for markets such as telecommunications, automotive, lawn and garden and electrical transmissions, said Beacon President Harry Ussery.
``We feel like we've had a gap in getting into portions of those markets because of a lack of mold making,'' he said.
Seven Springs has sales of about $1 million a year, he said. The deal was completed Sept. 2.