Fast-growing Trend Plastics Inc. has acquired an Illinois metal stamping and tooling firm and adopted the new name Trend Technologies Inc. to reflect its broadened capabilities.
Trend, an injection molder, purchased Cam Fran Tool Co. Inc. from partners Mark Knudson and Robert Nardiello. Both continue with the business.
Now, Knudson heads the new Trend Metal Group as vice president and general manager. He was president of Cam Fran; Nardiello was vice president.
The operations have worked for the same customers on dozens of computer enclosure projects.
``This acquisition is a major step toward positioning Trend Technologies as the leading enclosure manufacturer for computer and networking [original equipment manufacturers],'' Stuart Benton, chairman and chief executive officer of San Jose, Calif.-based Trend, said in a statement. The transaction was completed Dec. 3.
The deal establishes ``a one-stop shop'' that ``can provide all engineering expertise upfront,'' Knudson said in an interview.
Joseph Jahn, Trend president and chief operating officer, noted that Cam Fran's design and tool activities use computer-aided design systems that are compatible with Trend's.
Cam Fran employs 400, occupies 200,000 square feet in two adjacent buildings in Elk Grove Village, Ill., and anticipates 1997 sales of $50 million from providing chassis, shield and subassembly parts to the personal computer industry. Knudson said the business has experienced annual growth of about 20 percent.
Cam Fran's primary customers include Dell Computer Corp., Intel Corp., Apple Computer Inc., Hewlett-Packard Co. and Bay Networks Inc. It was founded as a tool house in 1966 and added stamping capabilities later.
At least one other firm both molds plastic and stamps metal for the computer industry. Fullerton Computer Industries Inc. has operated in Scotland for 15 years and established a subsidiary in Winterville, N.C., in 1994.
Investment firms Riverside Co. of New York and Cleveland and Plastics Capital Group of New York acquired Trend Plastics in March. Subsequently, Trend began operations at a new molding facility in San Diego on Oct. 10 and acquired Plasco Inc. of Longmont, Colo., on Oct. 17.