St. Clair gains assets of Polymer Concepts
SANTA FE SPRINGS, CALIF. — Custom injection molder St. Clair Plastics Inc. of Santa Fe Springs on May 4 acquired the assets of Polymer Concepts Inc. of Corona, Calif.
Polymer Concepts' existing jobs for specialty gifts, medical parts and pool and spa gear — along with one Boy and four Toyos with clamping forces of 15-200 tons — will be moved to St. Clair's facility, Edward Schwarz, St. Clair's president, said by telephone.
St. Clair employs 30 on a threeshift, seven-day schedule, and occupies 19,000 square feet for molding, mold making and warehousing.
The company operates eight presses with clamping forces of 30-800 tons. Five of the presses are Toyos.Principal end markets are electric-vehicle battery containers, film and entertainment industry items and pool and spa parts.
Schwarz said St. Clair Plastics had 1997 sales of $2.9 million, and he hopes the acquisition ``will ultimately add 30 percent to sales.''
Polymer Concepts had 1997 sales of about $400,000 on a five-day-per-week schedule.
Mentor Group, an investment banking firm in La Palma, Calif., initiated the acquisition and assisted in negotiations.
PVC Container's COO dies at home in N.J.
EATONTOWN, N.J. — Flags were at half-mast last week at PVC Container Corp.'s facilities in honor of John C. D'Avella.
D'Avella, 50, of Sea Girt, N.J., formerly of Newark, N.J., died May 17 at his home of complications resulting from throat surgery. D'Avella worked as chief operating officer of PVC Container, a blow molder and PVC compounder in Eatontown, for 23 years.
Phillip L. Friedman, president and chief executive officer, said D'Avella was more than just an employee — he was an institution.
``His contributions to our company and his tireless dedication is well-known by all of us who worked closely with him,'' Friedman said.
In addition to his work at PVC Container, D'Avella was a councilman, vice president of the Sea Girt Board of Education and a member of the Sea Girt Fire Co. and the Spring Lake-Sea Girt Little League Board of Directors.
D'Avella leaves behind his wife, Laura; children, Nicholas and Joanna; mother, Aida; and brother, Bernard.
United Green Mark buys Coast Irrigation
NOVATO, CALIF. — In a consolidation of California-based irrigation product distributors, United Green Mark Inc. of Novato acquired Coast Irrigation Supply Inc. of Westlake Village on April 26. Financial terms were not disclosed.
Together, the operations have annual sales of around $110 million, targeting medium to large commercial irrigation contractors. Plastic spray heads, fittings, black vinyl sprinklers and white or gray PVC pipe account for $80 million of the business, according to Robert Flaharty, United's vice president of finance.
Investment banking company Mentor Group of La Palma, Calif., assisted in the transaction.
United's owners, President Mark Agnew and Executive Vice President Ric Green, will continue in their positions. Green also is president of United Green Tech Inc., a supplier of computer-based irrigation controls and sensors.
Coast's principals will leave the organization — Mark Davidson and Gary Dick have 90-day consulting agreements.
Coast was formed in 1981. The company employs 110 and has sales of about $45 million from its four branches in Southern California and two in Las Vegas.
United opened in 1979. The company has 175 employees and sales of about $65 million from facilities located in central, northern and Southern California and Reno, Nev.