Minnesota molder acquires Hoegner
LINDSTROM, MINN. — Plastic Products Co. Inc., a large custom injection molder in Lindstrom, has acquired Hoegner Tool & Plastics Inc. of Moline, Ill., an injection molder for the appliance and other industries.
PPC declined to disclose the purchase price, but did say Hoegner has annual sales of about $9 million. Former owner Curtis Hoegner was made general manager of the newly named Hoegner Tool Division of PPC, according to William Gardner, the parent firm's vice president.
Since the September acquisition, six injection presses have been added to the Hoegner unit, Gardner said in a Feb. 18 telephone interview. Hoegner now has 23 presses, with clamping forces of 75-1,000 tons, employs 60 and maintains a fully equipped mold-making and repair shop.
``This is a very good fit, both geographically and culturally, for our expansion plans with our major customers, including Maytag Corp. in Galesburg, Ill.,'' PPC President Marlene Messin said in a news release. ``To meet our customers' needs, we were looking for more molding capacity. This is a much better alternative to building from scratch.''
PPC has annual sales of $100 million, according to Gardner, and operates plants in Lindstrom and Princeton, Minn.; Lebanon and Greenville, Ky.; Greenfield, Tenn.; and Oklahoma City. It maintains 170 presses and employs 700, serving primarily the appliance and recreational markets.
Thermoformer Allied relocates, expands
COON RAPIDS, MINN.—Allied Plastics Inc., a custom thermoformer, has moved its operations to Coon Rapids, to a facility nearly three times larger than its former plant in Plymouth, Minn.
The 108,000-square-foot Coon Rapids plant employs 54 and operates two thermoforming lines, mainly for the point-of-purchase display market. Another line is to be added later this year.
``We were full [at the Plymouth plant],'' said Scott LaRue, senior management at Allied. ``We had been there for 10 years and have been following an aggressive business plan. Early last year, we started looking for a larger facility and this area has good demographics for finding employees.''
The company, which moved in December, offers in-house design, engineering, prototyping and production services to retailers and product marketers in custom signage and POP displays.
It also distributes sheet in the five-state area of Minnesota, North Dakota, South Dakota, Wisconsin and Iowa.
Allied had sales of more than $13 million last year and is a subsidiary of Frandsen Corp. of Forest Lake, Minn. Frandsen also owns Plastech Corp., an injection molding firm in Forest Lake.
GenCorp to pay for PCB site cleanup
FAIRLAWN, OHIO—GenCorp Inc. expects to pay $4 million to $6 million to clean up a polychlorinated biphenyl-contaminated channel next to a former GenCorp plant near Toledo, Ohio.
Site preparation is almost complete, a company spokeswoman said. From 1967-70, GenCorp operated a plant at the site to make vinyl upholstery for automobiles and other plastic products.
The plant's rolling machines and other equipment used an oil containing PCBs as a heat-exchange fluid, she said. The contamination is believed to have occurred when oil leaked into the basement of the plant and made its way into a storm sewer that emptied into the channel.
Although contamination was discovered in channel sediment almost 10 years ago, cleanup efforts were delayed as funding sources were located, said a spokesman for Ohio's Environmental Protection Agency. Because the site is isolated, cleanup was not urgent, he said.
``There doesn't appear to be any kind of a health threat,'' he said.
The federal EPA outlawed almost all use of PCBs in 1976 after they were determined to cause cancer. Fairlawn-based GenCorp spent about $2 million in the early 1990s cleaning up its former plant. Excavation of sediment in the nearby stream—set to begin this month—is expected to cost another $3.5 million to $5.5 million, the spokeswoman said. Cleanup should be complete by fall.
EPA provided a $500,000 federal grant for the project. Another $140,000 will come from Ohio EPA.