Alliance Plastics probably will need more molding capacity after expanding its furniture and tubular and industrial product lines.
Alliance acquired the Plastiglide injection molded furniture product line of ITW Fastex of Chicago for undisclosed terms Jan. 30. It also acquired molds for the components, which range from furniture tube inserts to spacers and grommets.
Mike Lamendola, Alliance vice president of sales and marketing, said the deal makes his firm the biggest supplier of molded plastic components to the furniture industry, but he declined to give sales figures. Most of the Plastiglide components are molded from ABS, butyrate resins and nylon.
Alliance is moving the Plastiglide molds to its Santa Fe Springs, Calif., plant where its furniture business is based. Lamendola said the plant is ramping up production through a four-shift, seven-day-a-week molding schedule. He anticipates that Alliance will need more molding machines there, but he said it is too early to discuss details. The firm has begun leasing a warehouse to free up more space for molding in Santa Fe Springs. Erie, Pa.-based Alliance bought the Santa Fe Springs facility in January 1997. Its other plant is in Houston.
The company plans to begin molding automotive plugs and caps in SÃo Paulo, Brazil, in the first half of the year at a plant run by affiliate Filtrona Brasileira Industria e Comercia Ltda. Lamendola said Alliance has delayed a plan to mold for the Asian market through a Filtrona subsidiary in Indonesia. Alliance officials are occupied with the Plastiglide and Brazil projects, and the Asian currency crisis complicates the Indonesian plan, Lamendola said.
Alliance is a unit of Bunzl Plastics Inc. of Kidlington, England.