Custom injection molder Moll Industries Inc. has added four plants and 96 presses by acquiring units of Textron Inc. and Formec SA de CV.
Moll bought Textron's InteSys Technologies Inc. unit effective Feb. 5. That deal includes operations in Donegal, Ireland; Empalme, Mexico; and Costa Mesa, Calif.
Moll also purchased Formec's business in Monterrey, Mexico, on Jan. 31.
Terms of the deals were not disclosed.
Moll is continuing production at each location. The purchases give Moll to a total of nine plastics processing and contract manufacturing sites and about 345 injection molding machines, with clamping forces of 33-1,450 tons.
``Part of our InteSys objective was to increase our footprint to the Southwest and Europe and in medical health care,'' said Ron Embree, president of Dallas-based Moll.
Moll and Textron concluded a stock purchase for Donegal and asset purchases for Empalme and Costa Mesa. Moll also acquired the InteSys trade name.
The Donegal and Costa Mesa businesses are focused on medical applications and generate annual sales of about $11 million. Donegal has 15 presses, Costa Mesa has 25 and Empalme has 30, largely for appliance components.
Moll also picks up a tooling alliance in China from InteSys, Embree said. InteSys, through the Costa Mesa business, had formed the alliance to make tools for clean room medical molding.
Moll's purchase of family-owned Formec strengthens a Moll core in supplying the appliance market. Formec employs more than 150, occupies about 55,000 square feet and has sales of less than $10 million.
Formec began machining work in 1979 and added injection molding equipment in 1994. Formec operates 26 presses of 80-850 tons, mostly Milacrons.
The deals mark another step in Moll's revival since it emerged from Chapter 11 bankruptcy protection in June 2003. Last year, Moll signed five-year contracts with two customers, Aastrom Biosciences Inc. of Ann Arbor, Mich., and Medrad Inc. of Indianola, Pa., an affiliate of Schering AG.
Moll also bought the assets of Creative Plastic Molders Inc. of Lexington, N.C., last year.
Following the latest acquisitions, Moll is dividing its operations into two units. A custom molding division has operations in Empalme; Monterrey; Fort Smith, Ark.; LaVernge, Tenn.; and New Braunfels, Texas. A medical/consumer precision division has operations in Costa Mesa; Donegal; Lexington and Seagrove, N.C.
Moll had 2004 sales of about $120 million and, with the additional sites, employs about 1,200.
Embree targets more technical molding likely to remain in domestic sites and said Moll's biggest appliance customers are doing well. Appliance work constitutes about one-half of Moll's business.
Medical is growing as a percentage of Moll's sales at a faster pace than Moll's other business lines, Embree said.
Pixley Richards West Inc. started InteSys in 1972, and DSM NV owned the business from 1985-92. Providence, R.I.-based Textron acquired InteSys in 1999.
Last year, Nypro Inc. of Clinton, Mass., acquired another InteSys injection molding plant in Monterrey.