BP Capital Corp. acquired its second Colorado custom injection molding and mold-making firm this year and is looking for more companies in the West.
``We're focusing on the low- to mid-volume market not being serviced by the large national or international companies,'' Spencer Brod, president of Denver-based BP Capital, said in a telephone interview.
BP Capital completed the acquisitions of Plastic Technology Corp. of Niwot on Feb. 18 and Alpine Manufacturing Inc. of Fort Collins on July 14. The financial investor, which also takes a hands-on approach with the firms' operations, is continuing the businesses under those names. Terms were not disclosed.
With a recently beefed-up sales force, BP is aiming at the high-tech industry as an integrated parts and services provider, said Neil Cochran, BP vice president of business development.
``In addition to plastic injection molding facilities, we are looking for sheet metal, machining, assembly [and] plating'' firms, he said.
Plastic Technology was formed in 1972 and employs 40, split evenly between molding and tooling. Its 26,000-square-foot plant is equipped with computer-aided design and manufacturing.
The tool shop has a Mori Seiki SH63 horizontal milling center, three Charmilles electric discharge machines and a Mecatool robotic graphite EDM electrode cutter. Plastic Technology operates eight Nissei injection molding presses with clamping forces of 40-500 tons.
Alpine employs 42 in its tooling, molding and assembly operations and occupies 38,000 square feet, Brod said.
CNC tooling equipment includes a Makino LeBlonde mill and a Sodick EDM sinker unit. Alpine runs seven Toyo presses from 40-250 tons, and provides machined part subassemblies for the laser and impact printer market.