Complex Tooling & Molding Inc. is integrating operations of a newly acquired Illinois metal stamper and expanding its Colorado tooling and molding capabilities.
The company bought Krasberg Corp. of Des Plaines, Ill., on Nov. 17. The acquisition is ``one step on a long path on how we are changing Complex Tooling and Molding,'' Paul S. Kingsbury, president and chief executive officer, said in a telephone interview.
Adding metal processing is significant to the molder's telecommunications and computer peripheral customers, he said. ``Customers encouraged us to get a true relationship with a stamper rather than a partnership.''
Including the acquisition, the Boulder, Colo., firm employs 1,000 and projects sales of $100 million for the 1998 fiscal year ending Sept. 30. Appliances are another key market. Now known as the Krasberg Metals division, the operation employs 70 and occupies an 80,000-square-foot facility producing light stampings, progressive dies and close-tolerance work.
In other growth, Complex Tooling purchased and drastically modified a 106,000-square-foot facility as a replacement for its 27-year-old Boulder location. The old site, a half-mile away, has 62,000 square feet.
The firm relocated the basic tool-building facility and is setting up a technology center,'' Kingsbury said. With additional equipment valued at about $2 million, the center will have computer numerically controlled wire cutter, laser etching and rapid prototyping and manufacturing capabilities.
Complex should move injection presses to the new Boulder plant by the end of January.
The firm also is beefing up thin-wall molding capability at its San Diego plant to capture more cellular telephone business.
In September, the California operation added a hydraulic 330-ton Van Dorn Demag press — ``the first of four thin-wall presses we plan to add,'' said Brian Tauber, general manager.
The site employs 45 and operates 16 presses. Tauber, who was named general manager in May, cut the labor force about 25 percent to mesh with business volume, and brought the facility to 55,000 square feet with the October addition of 25,000 square feet.