InterTrade buys packaging thermoformer
HUNTINGTON BEACH, CALIF. InterTrade Industries Ltd. has purchased Plastic Concept Inc., in a deal involving two thermoformers in Huntington Beach.
The deal expands InterTrade's thin-gauge thermoforming capacity, doubles manufacturing space and quadruples its tooling capability. A company spokeswoman said InterTrade will continue to run Plastic Concept's factory and retain its employees.
Plastic Concept adds to InterTrade's blister and clamshell operations. InterTrade specializes in heavy-gauge products for aerospace, automotive, electronics and other markets. It also does in-line forming.
Terms were not disclosed for the purchase, announced Oct. 21.
Plastic Concept has nine thermoforming machines specializing in thin-gauge plastics for retail packaging and other markets. The firm employs 22 and had 2009 sales of $4.2 million, according to Plastics News' most recent thermoformers ranking.
No details were available on InterTrade's machinery and workforce. The firm is ISO 9001:2008 certified and does computer-aided design and five-axis computer numerically controlled routing. It is a unit of American Innotek Inc. of Escondido, Calif.
Prime Colorants expands with equipment
FRANKLIN, TENN. Prime Colorants Inc. has bought a new twin-screw extruder and two 1,000-pound, large-unit material mixers. The new equipment is set to be up and running in the first quarter of 2011 at the firm's headquarters in Franklin.
Officials with the privately owned firm said the new equipment will serve existing customers, while adding flexibility and capacity for projected growth in 2011. PCI had sales of more than $10 million in 2009 and expects its 2010 results to show an increase of about 40 percent.
PCI makes color concentrates based on a variety of commodity and engineering resins. Recent growth has come from small lots of specialty engineered products, including concentrates based on nylon, ABS and polycarbonate.
The firm recently added six workers and now employs 40. PCI operates four twin-screw extrusion lines and five liquid-color lines at a 60,000-square-foot plant.
ACS' co-founder, Randy Rudisill, dies
FOWLERVILLE, MICH. Randy Rudisill, co-founder of toll compounder American Compounding Specialties LLC, passed away Oct. 21.
Rudisill died after a courageous battle with illness, according to a news release from Fowlerville-based ACS. In the release, ACS co-founder David Donie described Rudisill as my partner, mentor and friend for many years.
I will miss his leadership and friendship, Donie said. Randy's example of honesty, integrity, business ethics and community service will continue to guide us for many years to come.
The firm had been preparing for Rudisill's passing, Donie said, and its stakeholders will not be impacted.
Rudisill is survived by his wife, Sally, and daughter, Annie. A memorial service will be held at a later date.
Rudisill and Donie launched ACS in 2005, after each concluded lengthy careers with compounder Asahi Kasei Plastics, formerly Thermofil Inc., in Fowlerville. ACS has enjoyed steady growth and plans to relocate to a larger location in nearby Brighton next year.
In a 2005 interview with Plastics News, Rudisill said he and Donie first saw the potential of toll compounding in 1998, after a fire destroyed about half of the Thermofil site. While rebuilding, Thermofil relied on a network of toll compounders.
We saw that there was a need for a state-of-the-art toll compounder that a customer would be proud to visit, Rudisill said.
Diversified Plastics adds all-electric
MINNEAPOLIS Injection molder Diversified Plastics Inc. has expanded its capabilities with the addition of an all-electric Toshiba injection press.
The machine, with 85 tons of clamping force, will enable the Minneapolis-based firm to produce small, high-precision components. Diversified molds parts for the medical-device, aerospace and filtration and electronics markets.
It gives us the capability to make parts that weigh as little as a few grams up to 3 ounces, said Mark Gremmels, production manager, in a news release.
The all-electric press also supports the firm's philosophy of going green, said Vice President Annette Lund.