Trostel Specialty Elastomers Group Inc. has expanded both its capacity and capabilities with the purchase of Techniplas Inc.
The Lake Geneva, Wis.-based injection molder purchased Techniplas of Ankeny, Iowa, for an undisclosed amount.
The purchase adds 20 presses to the fleet of 19 Trostel already operates in Wisconsin, along with expertise in in-mold decorating, gas-assist injection molding and rapid prototyping.
Trostel also now has access to higher-tonnage presses. Its holdings in Wisconsin include machines with clamping forces of 28-450 tons.
Techniplas has presses of up to 1,000 tons.
``We had been looking for quite a while for a successful molder with some good technology and talented employees that would fit in our culture,'' said Trostel SEG President and Chief Executive Officer Thomas Sloane during a July 15 telephone interview. ``We sincerely believe we've found that in Techniplas.''
Trostel, part of Albert Trostel & Sons Co. of Milwaukee, will retain Techniplas' employee and leadership base, running the company as a division of Trostel SEG.
Techniplas has about 80 employees, bringing the Trostel SEG employment base to nearly 200 and taking total sales to about $30 million.
The Wisconsin business already has dual-shot molding, insert molding and a proprietary microcellular technology in its injection molding capabilities, in addition to cast urethane processing.
It works in a variety of industries, with automotive and commercial trucks as its biggest markets, Sloane said.
The company manufactures components for running boards along with other customized components for automakers and the aftermarket, as well as with under-the-hood systems for large trucks and sales in the fitness, medical and general industrial markets.