Plastics shapes distributor and fabricator Cope Plastics Inc. has expanded the fabrication side of its business by acquiring J.B. Jensen & Son Inc.
Jensen of Genoa City, Wis., uses screw machines and computer numerically controlled equipment to machine a variety of plastics for automotive, electronics, food transportation, farm equipment, aerospace and other industries. Jensen will continue to be based in Genoa City and will do business under its established name, Cope said in a Dec. 30 news release.
Cope of Alton, Ill., supplies shapes and machined plastic parts to a similar customer base but also includes heavy equipment, agriculture, food service, oil and gas, medical and retail among the sectors it supplies.
Cope, with annual sales of about $90 million, has been doing about 55 percent of its business in semi-finished shapes such as sheet, rod and tube and the rest in fabrication. With the Jensen purchase it operates 18 locations in the United States. Prior to the acquisition it employed about 340 in 300,000 square feet of space spread among its facilities. Officials were unavailable to explain how Cope's metrics will change with the addition of Jensen.
Cope is a majority women-owned business. The company's president, CEO and part owner, Jane Saale, was 2012-2013 president of the International Association of Plastics Distribution based in Overland Park, Kan.
Cope was founded in 1946 and Jensen dates back to 1950.