DT Industries Inc., owner of thermoforming equipment maker Sencorp Systems Inc., may purchase another thermoformer supplier, Yakima, Wash.-based Irwin Research & Development Inc.
DT of Springfield, Mo., announced Oct. 15 that it is negotiating to buy Irwin.
``The potential acquisition of Irwin would complement operations in our Plastics Group,'' Stephen Gore, president and chief executive officer of DT Industries, said in a news release. ``There are, however, a number of issues that have to be resolved before a definitive purchase agreement can be signed.''
Irwin makes roll-fed thermoforming machines for processing thin-gauge sheet and foam for disposable packaging, and trim presses and granulators.
Sencorp, of Hyannis, Mass., makes roll-fed thermoformers, blister-packaging equipment and extruders for foam.
DT has no definite date to finalize the deal, said a spokesman for DT, which is traded on Nasdaq.
Irwin officials could not be reached for comment. A Sencorp official declined to comment.
DT Industries bought Sencorp in 1993. The following year, DT went public.
Sencorp, along with thermoformer maker Armac, operates under DT's Packaging Group.
For the fiscal year ended June 28, DT had sales of $519.3 million, a 31 percent increase over $235.9 million in 1997. DT Packaging had 1998 sales of $116.8 million, vs. $100.4 million in 1997.