Indiana auto molder Tasus expanding
BLOOMINGTON, IND. Tasus Corp., a Midwestern plastic injection molder serving the automotive industry, is adding space and equipment at its existing site in Bloomington.
In early November, the Monroe County Council approved a $1.5 million tax abatement for an expansion to the facility, along with the purchase of a new Nissei injection press with 1,450 metric tons of clamping force.
The Bloomington plant currently has presses ranging from 150-950 tons, and it also does assembly, welding, in-mold decoration and leak testing.
The expansion is scheduled to be finished in early 2011, with production set for mid-January. Tasus expects to see a 5 percent increase in sales as a result of the investment.
The company is a Tier 1 supplier to Toyota Motor Manufacturing North America and a Tier 2 supplier to automotive and communication markets.
Tasus is a subsidiary of Tsuchiya Co. Ltd. of Nagoya, Japan, which has 32 plants worldwide. The company also has a plant in Georgetown, Texas.
Atek acquires two all-electric presses
KERRVILLE, TEXAS Atek Plastics has added two Toshiba all-electric injection molding machines to keep up with increased demand for its medical molding.
Atek installed the presses, both with a clamping force of 500 tons, at its headquarters plant in Kerrville. The investment includes robots, vision-inspection systems and RJG eDart systems.
Atek, an ISO 13485-certified medical injection molder, was awarded new projects from large medical companies recently in the surgical and stem-cell reclaim business, along with new projects from Arek's existing medical customer base.
Utilizing new technology to benefit our customers' bottom line gives us the ability to grow together, Atek President Tom Houdeshell said.
Investment firm buys Henniges Automotive
FARMINGTON HILLS, MICH. Auto plastics and rubber molder Henniges Automotive Holdings Inc. has a new corporate parent, with private investment firm Littlejohn & Co. LLC buying out Henniges' former private equity owner, Wynnchurch Capital Partners II LLP.
Henniges, based in Farmington Hills, molds a variety of seals as well as glass encapsulation, liftgate systems and lighting modules. The company formed in 2007 with the acquisition of Metzler Automotive Profile System and GDX Automotive Inc. by Rosemont, Ill.-based Wynnchurch. It has plants in North America, Europe and China.
The companies did not disclose a purchase price for the deal, announced in a Nov. 30 news release.
Littlejohn, based in Greenwich, Conn., also owns thermoformer Penda Corp. of Portage, Wis.
Littlejohn Managing Director Brian Ramsay said the group will support continued growth in existing markets and expansion into other international markets.