A-D gains 3 plants with BoreFlex buy
KNOXVILLE, TENN. A-D Technologies is expanding with the acquisition of BoreFlex Industries Inc., bringing an estimated $69 million in annual high density polyethylene pipe sales to its existing pipe operations.
A-D of Knoxville was formed in 2007 when Boston-based investment business Audax Group bought pipe makers Dura-Line Corp. and Arnco Corp., which had combined sales of more than $100 million.
The addition of BoreFlex and its three HDPE pipe plants will add capacity in pipe and conduit for the telecommunications, power and pressure-pipe segments, the company announced in a news release. BoreFlex of Mountain Grove, Mo., has plants in Tennille and Sanderson, Ga., and Mountain Grove; and a distribution center in Fort Myers, Fla. The company includes parts of Lamson & Sessions Co., purchased in 2008.
The acquisition by A-D will strengthen its footprint in the U.S. and broaden its product offerings in pressure pipe, said Paresh Chari, president and CEO.
Matériaux purchases FenÃªtres Lapco
L'HERBERGEMENT, FRANCE French construction products firm Groupe VM Matériaux has acquired PVC and aluminum window manufacturer FenÃªtres Lapco Inc.
FenÃªtres Lapco had sales of C$8.5 million (US$8.5 million) in 2010. Based in Mirabel, Quebec, it was founded in 1994 by Normand Lapierre, who will work with the firms as a consultant.
VM Matériaux has interests in concrete, roofing, flooring, frames and equipment. It is based in L'Herbergement. The acquisition was effective Jan. 1. VM Matériaux subsidiary Atlantem Industrie made the purchase.
Swiss company buying Magor Mold
DIESSENHOFEN, SWITZERLAND Diessenhofen-based mold maker Mould Technologies Group is going global with its acquisition of California's Magor Mold Inc., adding it to tooling firms it already owns in Europe and China.
Magor Mold of San Dimas, Calif., supplies the medical industry, as does fellow MTG company SchÃ¶ttli AG of Diessenhofen. The two firms are joined under the MTG umbrella by Suzhou Mould Technology Co. Ltd. of Suzhou, China, which specializes in tooling for caps and closures, thin-wall food packaging and cosmetic packaging.
Magor's president, Wolfgang Buhler, remains as managing director while also serving as a stockholder in MTG. Martin SchÃ¶ttli of SchÃ¶ttli AG is also an MTG stockholder and director of the Swiss company.
The addition of Magor enhances MTG's portfolio with molds for technical and functional parts, MTG said in a Jan. 21 news release. Magor is also a prototype specialist, helping to bring new products to the market.
The three sister companies working together will be able to offer a wider range of high-cavity precision molds from anywhere in the world, MTG officials said.
GEO pays $3M for second site, in N.C.
VERNON CALIF. Injection and blow molder Geo Plastics of Vernon is establishing a presence on the East Coast through its purchase of a vacant industrial plant in Charlotte, N.C.
Geo paid $3 million for the building, which covers almost 58,000 square feet and previously was occupied by Jackson Tube Inc. The site had been vacant since early 2010.
Charlotte was chosen for Geo's second location because of the city's logistics infrastructure, competitive cost environment and proximity to key customers, company founder and CEO Mike Morris said in a Jan. 21 news release. Geo worked closely with the Charlotte Chamber of Commerce to find the location.
The new plant is expected to begin production next month, making Geo's full line of products, including wheels for roll-out carts as well as recycling containers and recycling funnels. The plant will employ 15 at first, with the potential for that number to increase to 30 within three years.
Plastic rebounds halfway to 2007 level
WASHINGTON The U.S. plastics industry is recovering quickly from the Great Recession, but is still only about halfway back to the level of business it achieved in 2007, according to a report from the National Association of Manufacturers.
The Jan. 18 report from Dave Huether, NAM's chief economist, said 2010 was a time of recovery for manufacturing in America. Five industries that account for about one-quarter of U.S. manufacturing output plastics, aerospace, electrical equipment, motor vehicles and machinery are only roughly half of the way back to their level of production in December 2007, according to the report. On average, those industries fell 28 percent during the recession.