Armrest-order boost prompts expansion
SEBASTIAN, FLA.-A booming baby business is bringing expansion to MDI Products LLC.
Evenflo Co. Inc. of Piqua, Ohio, originally had forecast a need for 150,000 child-seat armrests from the Sebastian-based foam injection molder. Recently, however, Evenflo upped that projection to more than 1 million, which could generate an additional $1.5 million in sales for MDI, said Nancy Grossbart, vice president of business development.
The pickup in business helped prompt construction of a 20,000-square-foot expansion, costing the firm $800,000. Included in the construction is a 4,000-square-foot mezzanine that will be used for storage, Chief Financial Officer Clive Parker said.
``We didn't have any doubt we would do this eventually,'' Parker said. ``But when the customer wanted to substantially increase their order, we said, `Oh, we're going now.' ''
There will be room with the expansion to add five foam injection molding machines to the two already in operation, when the construction is finished six months from now.
MDI also is adding 10 people to its work force and will have 20 people working there by June.
``They're doing so well that we're doing well,'' Grossbart said of Evenflo.
MDI, which is partly owned by vinyl nitrile dip molder Macho Products Inc., serves the automotive, medical, toy, spa and sporting-goods segments, among others.
Team Industries buys Insulated Building
GRAND RAPIDS, MICH. - Team Industries Inc. has purchased Insulated Building Systems Inc. for undisclosed terms. Both firms make structural insulated panels under the R Control brand name.
Team Industries is based in Grand Rapids and IBS is in Winchester, Va.
IBS will be known as Team/IBS Inc., said Mike Terpak, president of Team/IBS and vice president of Team Industries.
IBS will retain its name for marketing purposes, according to a news release.
The 75,000-square-foot IBS plant employs about 55, said Team Industries President Tim Feagan.
Both Feagan and Terpak serve on the executive board of AFM Corp., an Excelsior, Minn.-based confederation of companies that make expanded polystyrene insulation products marketed under common names.
``Tim and I are good friends and we've been serving on the AFM board since '94,'' Terpak said. ``We've been trying to find a way to work together.''
IBS also serves areas such as packaging and insulation. Team Industries does custom EPS work as well as supplying insulation for walls, floors, roofs/ceilings and other areas.
Centurion Safety increases capacity
THETFORD, ENGLAND - Centurion Safety Products Ltd. has extended and reorganized its plant and increased molding capacity to meet growing demand for its safety helmets.
The company moved to a new building in Thetford last year, realigning its 16 injection presses, including a new 230-ton Sandretto model.
Centurion has an in-house design team, backed up by the molding section running 24 hours a day and an extensive and ever-more mechanized assembly unit.
``We see far more benefit from taking finished moldings to the operators than having operators on or near the molding machines,'' said operations director Fred Baker.
The 120-year-old company has 100 employees.
BIRMINGHAM, ALA. - Homeland Vinyl Products Inc. is expanding its extrusion capacity.
According to a news release, the firm will add to its base of 16 lines through 2003 and add 85,000 square feet for additional raw materials storage. The Birmingham-based fence, deck, and railing firm currently operates out of a 300,000-square-foot facility on 16 acres.
Officials did not comment.
Homeland manufactures more than 70 profile types and has several new products under development. Its products are distributed throughout the United States and the Caribbean.
buy out company
LEICESTER, ENGLAND - Managers of Silkjet Ltd. have purchased the injection molder of point-of-purchase displays, retaining all 75 jobs at the Leicester plant.
The company's parent, Webgrove Holdings Ltd., was forced into receivership last year. Silkjet had annual sales of about 3 million (US$4.7 million) and was profitable, according to Webgrove administrator KPMG LLP (UK) of Birmingham, England.
Silkjet Managing Director Richard Thompson heads the new ownership team. The company, now known as Silkjet (Leicester) Ltd., plans to expand its range of products.
Meanwhile, KPMG has closed Link Plastics Ltd., a Telford, England-based injection molder for the automotive sector. The Webgrove unit had annual sales of about 7 million ($11 million), but was not profitable. The unit had 120 workers, according to KPMG.
In addition, KPMG is winding down operations at XL Timbalex, another Webgrove auto unit. The unit has 300 employees at plants in Didcot and Bicester, England.
NEENAH, WIS. - Menasha Packaging Co. LLC has acquired United Packaging Co. of Schaumburg, Ill. Terms were not disclosed.
Menasha spokesman James Onderak said the Neenah-based packaging and promotional displays provider acquired United Packaging because it hopes to grow in the Midwest.
United Packaging designs corrugated displays and permanent structures from injection molded and vacuum formed plastic.
Included in the acquisition is a 55,000-square-foot fulfillment center in Bedford, Ill., according to a news release. Menasha said it plans to keep United's employees.
``United Packaging fit perfectly into our culture,'' Onderak said.
In December, Menasha acquired Philadelphia-based Triangle Container Corp., a flexographic printer and producer of corrugated materials. That acquisition included a 300,000-square-foot fulfillment center in Philadelphia and a design center in Englewood, N.J.
Menasha operates 30 facilities across the United States doing mostly corrugated packaging, Onderak said. United Packaging officials could not be reached for comment.