Middlebury, Ind.-based rotational molder Elkhart Plastics Inc. purchased South Bend, Ind., rotomolder Spin-Cast Plastics Inc. on June 30.
The seller was Energy Absorption Systems Inc., a subsidiary of Chicago-based Quixote Corp. Terms were not disclosed.
Before the purchase, Elkhart had three facilities - in Middlebury, Elkhart, and Eugene, Ore. - 17 machines, and 350 employees. Sales equaled $30 million in 2004.
Spin-Cast owned one facility with six machines and employed 30. Elkhart will keep the plant open.
Elkhart processes polyethylene - low density, high density, and cross-linked - and nylon. The company makes components for recreational vehicles, water tanks, food-processing containers and automotive parts.
Spin-Cast molds PE and PVC and makes the Triton Barrier, a water-filled highway barrier that absorbs vehicle crashes, and sand barrels for Energy Absorption. Elkhart has a long-term deal to continue to supply Energy Absorption, said Elkhart President Jack Welter.
Employment was down from 55 in 2003.
Bruce Cox, Spin-Cast plant manager, will be transferred to an EA manufacturing facility in Pell City, Ala. Mike Bouman will replace him. All other plant employees will remain in South Bend.
Welter said: ``Going back to 2001, we bought the custom business from Spin-Cast. We had a dialogue with [EA] then.'' Six months ago Welter was contacted about buying the balance of the business.
Welter intends to do custom molding at Spin-Cast again, in addition to molding proprietary products. He said he does not expect to need new machinery.