Buckhorn Inc. has expanded in structural foam molding by acquiring Kadon Corp. on Oct. 22 for an undisclosed amount.
Kadon brings a lot of custom molding work to Buckhorn, which mainly has been a proprietary molder, according to William Tonachio, Buckhorn's general manager. Kadon also manufactures proprietary tote boxes, bins, pallets, trays and other storage products. It had 1997 sales of about $8 million.
Kadon shares a similar customer base with Buckhorn in automotive, consumer, industrial and commercial markets. Buckhorn makes reusable bulk and hand-held containers, plastic pallets and interior dunnage — a form of packaging material resembling an egg carton for transporting small parts. The company also provides reusable packaging services.
Buckhorn plans no changes to Kadon's single plant in Dayton, Ohio, according to Tonachio. Kadon President Cathy Coon will stay on with other current managers.
Coon is a daughter of Kadon's late owner, Gerry Coon, who was killed in an airplane accident five years ago with his wife. Cathy was executor of the family trust owning Kadon before Buckhorn purchased it.
Tonachio said Kadon will enhance Buckhorn's engineering, product design and manufacturing capabilities. Both firms mainly mold polyethylene.
Buckhorn of Milford, Ohio, is a Myers Industries Inc. company. Myers, a publicly held company based in Akron, Ohio, had sales exceeding $300 million last year. Tonachio would not reveal Buckhorn's sales.