Advanced Blending Solutions LLC, formed in April by several former employees of the shut-down CRG Logics Inc., has now purchased CRG's assets and intellectual property.
Advanced Blending Solutions announced the deal June 3. Terms were not disclosed.
I bought all the equipment and inventory and intellectual property, said President Mike Rasner.
Advanced Blending focuses on the same type of products that CRG Logics did auxiliary equipment targeted to extrusion, such as blenders, resin-conveying systems and feeders. The company also will make resin-storage silos and surge bins.
Rasner said his company is ready to serve customers that have CRG equipment, including some major plastics packaging firms. He said Advanced Blending is making two CRG products: the Smart distribution system for resin conveying and the Simplicity continuous loss-in-weight blenders. The company will display the Simplicity this month at NPE2009 in Chicago.
Advanced Blending rents space in Menominee, Mich., from a machine builder and fabrication company, Plutchak Fab LLC. Rasner said Advanced Blending, which employs 11, does its own assembly, welding and painting. Plutchak does some fabrication and overflow work, he said.
The new firm has hired John Braaf as national sales manager. Braaf has held sales management positions at auxiliary equipment makers Novatec Inc., Process Control Corp. and ACS Group.
Rasner was a co-founder of CRG Logics, with Carl Gillig. CRG was closed by its lending institution in March, according to Gillig. Last August, CRG had opened a new headquarters factory in De Pere, Wis.
Rasner said Gillig is not involved with Advanced Blending Solutions. Gillig, of Wadsworth, Ill., filed for Chapter 7 bankruptcy of the U.S. Bankruptcy Code on May 21.