Stadium Group plc is expanding on a several fronts in Britain, and is looking to acquire more custom molding operations.
In the past 18 months, publicly traded Stadium, based in Hartlepool, England, has acquired two injection molding operations.
One of these, Hinckley Moulding Ltd. of Hinckley, England, makes automotive parts, and components for household showers. Now known as Stadium Plastics (Midlands) Ltd., its sales have increased from £3 million ($4.9 million) to £5 million ($8 .17 million) since its takeover in February 1996.
The molder operates 26 injection presses from 25-500 tons supplied by Arburg, Battenfeld and Sandretto, according to John Pearson, chief executive of the plastics division. The plant also has four vertical insert molding machines.
Stadium's second acquisition, Quest Ltd., a molder of baby-care products in Chingford, England, also has blow molding capacity. Nigel Rogers, Stadium's finance director, said the parent firm is seeking other suitable acquisitions in related or new molding areas.
In addition, Stadium has transferred its London plastic building products distribution unit to Chingford, where it is centralizing and extending molding of its proprietary building components.
Stadium saw its half-year pre-tax profits rise 25 percent to £2.74 million ($4.38 million) on sales that rose 24 percent to £31.4 million ($50.2 million).
The group, which supplies components to automotive giants such as Nissan and Volkswagen, also serves Tier 1 part suppliers. Another major client is Black & Decker Corp.
Meanwhile, the firm invested $320,000 earlier this year to install six new Arburg injection presses with clamping forces of 25-50 tons in its molding plants.
Stadium operates two toolmaking units in northeast and southwest England, and is investing almost $1 million on new equipment to expand mold-making capacity, according to Pearson.
Stadium's biggest plant, in Hartlepool, handles mainly automotive and power tool component molding. Known as Stadium (North East) Ltd., it has 65 injection presses from 25-1,000 tons supplied by Arburg, Krauss-Maffei and Negri-Bossi, and annual sales of more than $27 million.
The plastics division also operates another subsidiary, Stadium Plastics (South West) at Newton Abbot, England. The unit, with annual sales of $6.4 million and 25 Arburg and Krauss-Maffei molding machines ranging from 25-260 tons, concentrates on automotive parts and molding phenolic and melamine thermoset electrical parts.