As of July 1, German injection press maker Fahr Bucher GmbH is represented in North America by a new, independent firm, Apex Plastic Technologies Inc., created by a management buyout of Bucher Inc. in Buffalo Grove, Ill.
Apex will source some spare parts, such as screws, barrels, nozzle tips and seals, domestically, and that should reduce delivery times and lower prices, according to Taras Konowal, Apex president. He also was president of Bucher Inc.
Fahr Bucher of Gottmadingen, Germany, set up Bucher Inc. as a wholly owned U.S. subsidiary in 1986. Apex, which has the same staff as Bucher, now is the exclusive sales and service agent for Fahr Bucher in the United States, Canada and Mexico.
Taras Konowal, former president of Bucher Inc., is president of Apex. He said several other people are part of the management buyout of Apex, but he declined to say how many are involved.
Konowal and Fahr Bucher President Rob Naville jointly announced the formation of Apex. The company is housed at the Bucher Inc. site and employs the same staff.
Fahr Bucher manufactures thermoset injection presses in clamping forces of 120-500 tons, and thermoplastic injection presses from 120-520 tons.
Konowal also said Apex will be able to market machines from other companies, offering presses with different clamping-force ranges to complement Fahr Bucher machines. The company plans to announce more details this summer, he said.
A major reason for creating Apex was to improve spare parts and service, he said.
``We intend to streamline our customer service and technical support operations with faster reaction times and competitive pricing,'' he said.
Before, Fahr Bucher supplied all spare parts from Germany.
``Customers will now be dealing with a 100 percent North American company,'' he said.
Screws and barrels will be based on original Bucher prints, he said. He declined to identify the domestic suppliers of the components.
Terms of the buyout were not disclosed.