Expanded polystyrene foam molder Cellox LLC is putting more emphasis on home construction products under its new ownership.
The Reedsburg-based company is boosting its stake in special concrete forms that are gaining ground in residential house building. The forms are connected in pairs with injection molded ties, and the hollow space between is filled with concrete.
The technology has gone beyond earlier work on basement wall construction. Now the EPS forms an integral part of energy-efficient, above-ground walls, said controller Pam DeWitt.
The technology supplements Cellox's traditional business of making EPS point-of-purchase products and other foam moldings.
Cellox's new owner is DEP Holdings LLC, also of Reedsburg. Cellox was owned by the Sauey family. Norm Sauey Sr., Cellox's founder, died in 2002.
DEP bought Cellox, a long-standing company in Reedsburg, to keep it running in the community, according to DeWitt. DEP's other plastics business is custom injection molder Micro Technologies LLC of Reedsburg. Dave Pace, a partner in Micro Technologies, is the new president of Cellox.
Cellox recently got approval for a $2 millon industrial revenue bond through Wisconsin's Department of Commerce. Cellox will apply the bond to help pay off interim financing for the December 2003 acquisition and for building renovations and capital improvements.