Injection molder Anchor Tool & Plastic Inc. is splitting into two operations, but its ownership remains in familiar hands.
Founder Ron Rogers is keeping the Anchor Tool & Plastic name for his Nogales, Mexico, site. His son Steve is taking over ownership of the Minneapolis plant, now called Anchor Plastics Inc.
Steve Rogers bought the Minneapolis business Dec. 31 from his father for an undisclosed price.
``Anchor Tool & Plastic is not going anywhere. Ron Rogers is still fit and full of vigor, He's just giving me an opportunity to see what I can do,'' Steve Rogers said in a Feb. 29 telephone interview.
Steve Rogers, 33, has served as general manager of the Minneapolis plant for five years. That business will adopt a new name but continue to work with its sister company in Nogales, giving both a chance to grow, he said.
``I actually see new projects and new growth. I see a lot of people coming back to the U.S. [for business],'' Rogers said.
He said that the newly named Anchor Plastics is gearing up for new business, adding a 110-ton Milacron press in March, bringing the number of presses there to seven. Anchor employs 20 at a 15,000-square-foot facility making end caps and connectors.
The Nogales facility will continue to be run by Ron Rogers. That site is increasing its automotive work, he said.