EAS Mold & Die emerges from buyout
BUTLER, WIS. - EAS Mold & Die Change Systems Inc. has been created through a management buyout of Enerpac Automation Systems.
EAS, like its predecessor, focuses on products that improve productivity of injection molders and metal stampers. Its product line includes quick-mold-change systems, mold-handling equipment, mold-inspection units, preheat stations, ejector couplers and quick-change multicouplers for injection press fluids, air and electrics.
Enerpac Automation's former parent company, Actuant Corp. of Milwaukee, sold the business to concentrate on its other industrial goods, such as high-pressure hydraulics products, said Cliff Drake, president of EAS' North American operations and one of its owners. His partners are Harm Nijzink, president of holding company EAS BV of Veenendaal, Holland, and managing director of the firm's European operating group in Veenendaal, and European manager Hero Marggrander. The executives founded Enerpac Automation about 12 years ago under Actuant, Drake said by telephone from EAS' Butler office.
Cellox adds custom molding to services
REEDSBURG, WIS. - Cellox Corp. is adding custom injection molding services to complement its core business of molding expanded polystyrene.
The Reedsburg firm has six 150-ton Sumitomo presses that it plans to begin operating during the next year. The first one is to begin molding this week, Cellox President Steve Paske said in a telephone interview.
Cellox plans to mold connectors and similar parts for point-of-purchase displays. POP is its major market, but it also supplies EPS components to original equipment manufacturers. Paske said his company mainly will mold polyolefins at first.
Cellox obtained its six injection presses from an undisclosed molder that moved its work offshore. Paske did not reveal the cost of the machines, but he said it essentially amounted to the cost of shipping them to Reedsburg.
The company is approaching its 40th year in business. Norm Sauey owns the company but no longer is involved in day-to-day management.
Advent forms venture with Irish molder
ROCHESTER, N.Y. - Advent Tool & Mold Inc. has formed an alliance with an Irish molder to help bridge the gap between work done on both continents.
The Rochester company will share engineering and molding work with AJ Precision Components Ltd., a custom injection molder in Clare, Ireland. The companies both use a host of specialized technologies, including insert and two-shot molding, said Advent sales manager Mike Cuomo.
Advent also plans to tap into AJ Precision's blow molding expertise, Cuomo said.
The cost savings from reduced shipping times, instead of having to transport a part overseas, should benefit Advent customers, he added.
``The world is shrinking, and this gives us better capabilities on both sides of the ocean,'' Cuomo said.
Advent molds parts for such end markets as automotive, business machines and telecommunications and makes injection molds. The company recorded about $15 million in sales last year and employs about 125.
AJ Precision employs 45.
Royal exits venture with Ultraframe
WOODBRIDGE, ONTARIO - Royal Group Technologies Ltd. is backing out of a joint venture making sun rooms because of potential conflict with customers in that market.
The Woodbridge firm said it will sell its half stake in Royal Ultraframe Ltd. to its partner Ultraframe plc of Lancashire, England. The two firms formed the joint venture in early 1999 to make and market conservatory and sun-room systems incorporating PVC extrusions made by Royal.
Vic De Zen, Royal chairman, president and chief executive officer, said Royal would need to be involved in producing complete sun rooms to accelerate market penetration of the systems. The arrangement meant Royal could be competing against some of its profile customers making sun rooms, he said in a news release.
Royal has agreed to supply Ultraframe with PVC profiles in North America. The arrangement will be effective July 3.