Steere Enterprises Inc. of Tallmadge, Ohio, is joining with Loranger Ipari Kft. of Szekesfehervar, Hungary, in a licensing agreement to manufacture and market in Europe its patented Dual Process for automotive air-intake components.
The Jan. 1 agreement allows Loranger Ipari to use the overmolding process patented by Steere in 1994. It produces a single air-induction part by combining a rigid blow molded air duct with an injected molded flexible cuff. The two parts made of different materials are joined to form one continuous, leak-resistant system.
"Steere is a successful smaller company, so they are relying on us to carry the ball [in Europe]," said George Loranger, president and chief executive officer of Loranger Manufacturing Corp., parent company of the Hungarian unit.
Steere ranked 63rd on Plastics News' 2000 list of North American blow molders, with $19.2 million in sales.
Steere, a family-owned company since 1949, employs 275 and provides parts for General Motors Corp. and Daimler-Chrysler AG and their suppliers. It also does dip molding.
"We believe in a global supplier approach to business and so does Loranger. That is why we formed this licensing agreement with Loranger Ipari. Loranger and Steere Enterprises are not competitors, so it is working well for us," Bill Steere, president and CEO of Steere Enterprises said in a news release.
Loranger Ipari opened in 1992. Warren, Pa.-based Loranger Manufacturing started in 1950. The family-owned company employs 750 at three plants.
Loranger Manufacturing reported $60 million in North American sales in 1999; its total global sales were not available. The company has plants in Pennsylvania, Hungary and Monterrey, Mexico. Loranger Manufacturing makes custom plastic and metal components and subassemblies for the automotive, electronics and electrical industries.