Steel specialist Crysteel Manufacturing Inc. is moving into the plastics arena with its purchase of a rotational molded polyethylene dump-truck-body business, and now is looking to ramp up sales throughout its customer base.
Reiter Industries Inc., which launched the truck project in 1998, sold the molds, patents, inventory and related equipment to Crysteel for an undisclosed amount.
The actual molding will remain with Reiter's supplier, Poly Processing Co. of Monroe, La.
The acquisition should open new sales for the program through Lake Crystal-based Crysteel, which already has extensive contacts and has been seeking new product offerings for its customers, said Crysteel President Pete Jones.
``We think there's some customers out there who are very interested in plastic bodies,'' Jones said during a July 31 telephone interview. ``A lot of them have problems with metal bodies and have been looking at rust resistance.''
There are opportunities to sell to transportation departments seeking something that can stand up to road salt while other buyers are looking for a material that can take on tar, wet clay, heavy dirt and other items that tend to stick to metal containers, he said.
Founded in 1969, Crysteel manufactures dump-truck bodies, hoists and other systems used in everything from agricultural hauling to the defense industry. It will assemble the final truck units in- house from the polyethylene beds molded by Poly Processing, Jones said.
The company plans to ramp up sales and production in the fall, he said.