In another strategic geographical move, Trend Plastics Inc. has acquired Colorado molder Plasco Inc. from principals Walter Eberspacher and Bert Vermeulen. Terms were not disclosed.
``Plasco's expertise in manufacturing small to medium-size plastic parts and molds will complement Trend's expertise in large-part molding,'' Joseph Jahn, Trend president and chief operating officer, said in a statement.
Eberspacher, who founded Plasco in 1977, will retire but remain as a consultant to Trend.
Vermeulen, who joined Plasco in 1993, will manage the Colorado operation, continuing as vice president and general manager. Trend plans to eventually change Plasco's name to Trend Colorado.
Plasco employs 120 and operates 34 injection molding machines with clamping forces of 35-200 tons in a 59,000-square-foot facility in Longmont, Colo. Also, Plasco performs automated mold design and tool building and secondary operations, including assembly of subcomponents and pad printing.
Plasco supplies the computer and medical industries, primarily with internal and external small parts for printers, disk drivers, fax machines and other peripherals. Key customers include Hewlett-Packard Co. and Storage Technology Corp.
Investment firms Riverside Co. and Plastics Capital Group, both of New York, acquired Trend Plastics in March.
Trend is based in San Jose, Calif., and has operated an Albuquerque plant since 1994. Those sites had 1996 sales of $91 million, operate 80 presses and employ 850.
In another expansion, Trend leased a 66,280-square-foot San Diego facility July 1 and began operations Oct. 10, initially with six Engel injection molding presses.
``We expect to be at 12 presses by end of year,'' Jahn said.
The plant strengthens the reach of Trend's injection molding and secondary operations in Southern California and among maquiladoras in Mexico.
The Oct. 17 Colorado purchase continues the new owners' interest in domestic and foreign growth through acquisition to manufacture parts and enclosures for major computer and electronics firms.