SCHAUMBURG, ILL. — Clarion Technologies Inc. is expanding again in custom injection molding.
The Schaumburg company agreed to acquire Wamar Products Inc. and Wamar Tool & Machine Inc., both of Caledonia, Mich. Clarion plans to pay for them with an undisclosed amount of cash and Clarion stock when the deal closes in August.
Wamar molds parts for office furniture, automotive and consumer products industries. Wamar and the toolmaking affiliate have annual sales of about $19 million. The two operations share an 87,000-square-foot facility that contains 32 presses with clamping forces of 75-700 tons, and a complete mold shop.
Wamar is the latest of several Clarion acquisitions. Its most recent one was custom injection molder Double J Molding Inc. of South Haven, Mich. Double J runs two plants in Holland, Mich., mainly molding auto parts.
Clarion President William Beckman said in a news release Wamar is an attractive firm because of its customer focus and design and manufacturing abilities.
The purchase will boost Clarion's stake in Michigan and Ohio to five plants totaling 400,000 square feet of manufacturing space. Clarion also operates a technology center in Jenison, Mich.
Clarion focuses on heavy-truck, automotive, furniture and consumer industries. Its molding machines range from 50-5,000 tons clamping force.