A change in leadership is not going to change the direction for Hansen Plastics Corp., according to its recently named chief executive officer, Roy Lilly.
Lilly, who has held the president's title for a couple of years, also is taking on the CEO moniker, as longtime CEO Dave Watermann retired April 1.
``He was an exceptional engineer and brought a lot to the table. Under his leadership we doubled our sales, and we'd like that to continue,'' Lilly said in a telephone interview.
Watermann was president from 1996-2006. He started with Hansen in 1979 as a mold design engineer.
Lilly, likewise, is a longtime company employee, having started with Elgin, Ill.-based Hansen in 1978 as a molding foreman.
He said the company, which was founded by Erik Hansen in 1971, has continued to grow through its Employee Stock Ownership Plan. The ESOP was completed in 1998. Lilly said that as an ESOP, the company has a stable workforce with very little turnover. It has 60 employee owners with an average of 10 years of employment.
Lilly said the company turned to two-shot molding last year and that has been a growth area, especially with thermoplastic elastomers molded onto a substrate for seals and gaskets.
``We're doing more quoting than we ever had,'' Lilly said.
The company recently added a 275-ton, two-shot press and now has 35 injection molding machines. They range in size from 28-440 tons of clamping force. Hansen runs three shifts a day, Monday through Friday, along with a limited weekend lights-out program.
Hansen, according to Lilly, continues to diversify its market base. In recent years, it has added medical, defense and aerospace industries to the mix. It also does work for numerous markets, including life safety, dental, automotive, power tool, heat sensing, plumbing, fluid controls, consumer products and maritime.