East Coast Plastics buys Sandretto units
FORT LAUDERDALE, FLA. - For custom injection molder East Coast Plastics Inc., larger-tonnage machines offer a bigger opportunity.
The Fort Lauderdale-based molder invested $750,000 in mid-August to install two Sandretto machines with 610 and 330 tons of clamping force, along with such auxiliary equipment as a chiller and three new dryers.
``The large-capacity products down here provide a niche for us and we're working to expand that,'' said Dick Nickles, general manager of East Coast Plastics.
He estimated that the larger-tonnage machines account for about 20 percent of the company's business.
This marks the second year in a row that East Coast has purchased a 610-ton machine. The firm now has five presses with clamping forces exceeding 440 tons. Overall, the company has 26 machines.
``We do everything from medical cabinets to wheelchair wheels to outdoor filtration systems,'' he said.
Nickles said company sales are up 5 percent for the year, and he hopes sales will pick up more in the second half.
East Coast does work for the electronics, aerospace, consumer and medical markets. It also has a sister company, Double ``B'' Tool & Die Co., that does its toolmaking. They share a 75,000-square-foot facility.
Tri-Star adds second manufacturing cell
ANAHEIM, CALIF. - Custom injection molder Tri-Star Plastics Inc. of Anaheim installed a second manufacturing cell in August and is using both cells to produce a new line of housewares and special packaging for read-only-memory compact discs.
Each cell has a 500-ton Toshiba molding machine, a Yushin Airliner robot, a Dri-Air dryer-conveyor and a Case Automation safety enclosure. Tri-Star has invested about $650,000 for the cells and an additional Yushin robot for an existing, 390-ton Toshiba machine.
``The equipment acquisitions are part of a modernization plan to add efficiency and reduce costs through automation,'' President Eric Muller said in a news release.
Tri-Star employs 120 and operates 27 presses with clamping forces of 60-720 tons.
Isco enters new field with Cooper purchase
LOUISVILLE, KY. - Pipe distributor Isco Industries LLC will move into the pipe market for oil and gas distribution with the acquisition of Cooper Wholesale Inc.
Terms were not disclosed for the July 8 deal, which was to close in about 30 days.
Cooper, based in Pryor, Okla., has a distinct position in the distribution of high density polyethylene pipe for oil patch and gas gathering, officials said. The deal complements Isco's strategy to focus on HDPE pipe, fittings and fusion.
In the past, Louisville-based Isco primarily distributed HDPE pipe and conduit for applications such as municipal water and telecommunications.
``This gives us an opportunity to spread our wings with HDPE pipe,'' said Tracy Temcoff, Isco's marketing manager. ``It allows us to expand into more states.''
Officials would not disclose sales for Cooper or Isco. Together, the firms have about 115 employees and more than 10 locations in Oklahoma, Michigan, Illinois, Kentucky, South Carolina, Alabama, Florida and California.