Custom injection molder Hipertech Molding Corp. of Tustin, Calif., has acquired more production capacity, giving it a total of 25 presses in a larger plant.
``We are investing $650,000,'' President Fernando Suarez said in a telephone interview.
Suarez founded the company in late 1991. Since 1992 operations had been in a 15,000-square-foot facility in Anaheim, Calif., housing five presses for thermoplastics and 12 for silicone.
The March relocation to Tustin meshed Hipertech's existing operations and some manufacturing assets of another business, SRW Computer Components Co. Inc., in SRW's 45,000-square-foot plant.
SRW was manufacturing computer accessories with eight injection molding machines, which Hipertech acquired. SRW retained its production tooling, sales and marketing functions.
Now, along with its own work, Hipertech molds SRW's proprietary lines, including monitor screens, CD-ROMs products and diskette filing systems.
Hipertech is one of the largest producers of silicone baby bottle nipples in the country, Suarez said. It also molds parts for consumer, automotive, exercise and medical markets and offers tooling, assembly, product and packaging design and graphics services.
The firm has 13 injection molding presses, with clamping forces of 50-325 tons, and 12 liquid silicone presses from 25-120 tons. It employs 90-100, and did 1997 sales of $3.9 million.
In May, Hipertech will complete work on a 1,600-square-foot portion of the facility for a Class 100,000 clean room for medical molding. Suarez expects by late June to file with the Food and Drug Administration for Hipertech's certification as a medical-device manufacturer, and by year-end to complete requirements for ISO 9002 registration.