Plymouth picks Ohio for 3rd EPS plant
BEACH CITY, OHIO — Plymouth Foam Inc. has built its first Ohio facility, a 40,000-square-foot plant in Beach City for manufacturing expanded polystyrene products.
The privately held company declined to say how much the plant cost. The Plymouth, Wis.-based firm does not disclose financial data, according to Scott Wehrmeyer, sales and marketing coordinator.
The facility, Plymouth's third, began operating Jan. 1, Wehrmeyer said in a March 31 telephone interview. A seven-person crew is running the plant, but Wehrmeyer said Plymouth plans to boost their number to 25.
``We realized that, with the consistent growth which we have achieved throughout this territory over the past several years, we would no longer be able to provide the type of service that our customers have come to expect from us without a new facility,'' Scott Roberts, vice president of sales and marketing, said in a news release.
Plymouth also maintains a sales office in Wadsworth, Ohio.
Founded in 1978, the company manufactures EPS products for the construction and packaging industries. It has a 125,000-square-foot plant in Plymouth and a 40,000-square-foot-facility in Becker, Minn. The company employs 180, according to Wehrmeyer.
Decora gets Con-Tact in Rubbermaid deal
FORT EDWARD, N.Y. — The Con-Tact brand name will return to its originator when Decora Industries Inc. buys Rubbermaid Inc.'s Decorative Coverings Group for $62.5 million.
DCG includes self-adhesive Con-Tact and other shelf-lining products made or marketed by Wooster, Ohio-based Rubbermaid. DCG's 1997 annual sales were $70 million.
In October, Fort Edward-based Decora acquired 73.2 percent of the shares of Konrad Hornschuch AG of Frankfurt, Germany, a major international manufacturer of self-adhesive decorative products and industrial films.
The Rubbermaid and Hornschuch transactions will give Decora annual sales of about $190 million, pro forma, compared with $41 million, for the year ended March 31. The DCG purchase is to close this month, contingent upon Decora's financing arrangements.
Decora will continue to manufacture Con-Tact products in Fort Edward and will relocate the acquired shelf-liner production of Rubbermaid to that site. However, Decora said it will establish its North American marketing and sales office in Cleveland.
Decora originally developed Con-Tact products in 1952. Rubbermaid acquired the trademark and marketing and distribution rights in 1981, but Decora has continued to manufacture the line.
Maxim gives Hallmark new auto business
WINDSOR, ONTARIO — Hallmark Technologies Inc. plans to expand its automotive mold-building capabilities by acquiring control of Maxim Tool & Mould Inc. of Windsor.
Maxim specializes in injection molds for interior and exterior auto trim and will help Hallmark expand its nonlighting auto mold applications, Greg Balint, Hallmark president and chief executive officer, said in a telephone interview from Windsor headquarters.
Balint said his firm has been expanding internally into fuel tank and trim molds, to diversify from its core business of auto lens molds.
Hallmark expects to complete the deal in early May. Balint did not disclose terms of the March 27 definitive agreement.
Maxim, with annual sales of about C$6 million (US$4.23 million), said the Hallmark deal will allow it to take on larger programs with increasing technical requirements. Balint said Maxim has turned away some multimold business because of its small size and limited machining capability.
Hallmark's sales were about C$43 million (US$30.3 million) last year. It has been expanding machining and mold tryout capacity through investments worth about C$8 million (US$5.64 million) in the past three years.
It recently developed polycarbonate traffic signs to replace metal ones and Balint expects to begin commercial production of the signs this year for U.S. and Canadian markets.
Maxim President Henry Moro and secretary Ruben Fabbro will retain 30 percent of their firm and continue in those roles after the deal is finalized.