NEW YORK — Custom molder Centrex Precision Plastics Inc. has been purchased by medical contract manufacturer Avail Co., an acquisition that will give Dallas-based Avail its first substantial plastic processing capabilities.
Avail officials said they needed Centrex's capabilities to position their company as a one-stop shop for medical product makers looking to outsource work.
``In our pursuit to be a complete source to customers for contract manufacturing, we believed it was imperative to secure a significant position in a company with this technology,'' Randy Keene, Avail's president and chief executive officer, said in a news release.
Terms were not disclosed for the deal, which was completed in March.
Centrex, headquartered in Bellefonte, Pa., operates more than 60 injection molding machines from 55-400 tons and several Class 100,000 clean rooms at two plants in Bellefonte and one in Asheville, N.C.
Together those facilities total 120,000 square feet and employ 185. The company's 1996 injection molding sales totaled about $12.5 million.
Avail does automated packaging, welding, laminating, clean room assembly, foam fabricating and converting of film into bags. It also has added three clean rooms for assembly at its Tijuana, Mexico, plant in the past year, Michael Boyd, vice president of sales and marketing, said during the Medical Design and Manufacturing East show, held June 2-4 in New York.
About 60 percent of Centrex's work is in the medical market, with the rest in automotive, electrical connectors, packaging and business machines.
Centrex President and owner Barney Ottinger said in a statement that he sold the company to gain better access to offshore markets and to share in Avail's technologies.
Ottinger founded Centrex in 1988.
The combined company will have eight plants, including the one in Tijuana, and a total of 900 employees.
Centrex will become a division of Avail, which has two other units: the Struckmeyer division in Dallas and the Pacific Device division in San Diego and Tijuana.