In a marriage of trash-cart makers, Bristol, Ind.-based rotational molder Ameri-Kart Corp. has purchased blow molder Diakon Molding Inc. in Reidsville, N.C.
Ameri-Kart, a unit of Akron, Ohio-based Myers Industries Inc., announced the deal Sept. 27. Terms were not disclosed. Myers Industries is traded on the New York Stock Exchange.
Diakon, originally called Zarn Inc., was renamed Ameri-Kart/Southern Division.
``Diakon is a natural fit with our existing products and markets, and the blow molding capabilities complement our manufacturing operations,'' said Ameri-Kart President Eric Gottuso.
Although wheeled trash carts for residential and commercial waste handling are a big market for both companies, they serve other markets, too. Diakon, which employs about 100, also blow molds custom products for the automotive, consumer and lawn and garden industries.
Ameri-Kart employs about 400 making rotomolded and thermoformed products such as fuel tanks, water tanks for recreational vehicles, flower pots, ductwork and products for the heavy-truck transportation, agriculture and materials-handling sectors.
In a news release, Gottuso said Ameri-Kart officials want to develop the potential of the blow molding operation ``to provide a wider range of products and capabilities.''
French waste container maker Plastic Omnium SA bought Zarn in 1991. In 2000, the name changed to Diakon Molding, when Plastic Omnium sold the Reidsville plant to the Diakon group and Steve Andrews, former chief financial officer of Plastic Omnium Zarn.
Then last year, Diakon Molding was acquired by Latrobe, Pa.-based blow molder Premium Molding Inc.
Ameri-Kart had estimated sales of $35 million in Plastics News' August ranking of rotational molders. Diakon Molding had estimated 2002 blow molding sales of $12 million.
Ameri-Kart can do custom molding by rotomolding, blow molding, thermoforming and - through Myers Industries operations - injection molding.
That means the company is not wedded to any single method, but can help customers pick the best way to make a product, Gottuso said.
``We're a major custom molder in the United States that provides all four processes,'' he said.