Technical Industries Inc. has expanded into blow molding and extrusion with the purchase of C-K Plastics Inc. of St. Louis.
Terms of the Dec. 1 deal were not disclosed.
Since 1994, Technical has been a certified woman-owned injection molder and has remained so after the acquisition.
“That gets us leads for OEMs who want to do business with diversity-owned businesses,” said Technical President and CEO Susan Parent in a telephone interview from St. Louis.
“The current competitive and economic forces demonstrated our need to expand our offering of products to our current and potential customers,” Parent said. “Additionally, by adding other lines of molding, this puts us in a stronger negotiating position with our suppliers to purchase material at a more competitive price.”
C-K will stay in St. Louis as a unit of Torrington, Conn.-based Technical and will continue to support its customers. Eventually each operation will offer similar processing capabilities.
Technical employs 30 in a 26,000-square-foot facility. the custom molder runs 31 injection presses with clamping forces up to 240 tons. The plant is climate-controlled, uses renewable energy and offers mold design and engineering services.
The acquisition announcement was made jointly with C-K Plastics President Dianne Chitwood. C-K Plastics can extrusion blow mold parts as big as 1.25 pounds. It can blow mold intricate parts in short runs and extrude tubing up to 4 inches in diameter with up to half-inch wall thickness, as well as profiles. C-K has used the services of an outside injection molder to offer filled and unfilled resins in shot sizes up to 110 ounces on presses up to 610 tons. Parent said that third-party molding arrangement will continue.
C-K employs 23 in a 43,000-square-foot facility. It runs seven extrusion lines and three blow molding machines. It was established in 1978. Parent said C-K will retain its management with the exception of Chitwood, who will concentrate on her other business, Miller LLC, a distributor of architectural products in St. Louis. Chitwood felt C-K Plastics needed to expand but didn't have the resources to do so.
Technical is certified under the International Trade in Arms Restrictions, whereby it has agreed not to send confidential information to foreign countries to protect Department of Defense work.
Major markets for both firms are retail, construction, industrial, medical, wholesale and OEMs.