Vip Rubber and Plastic Co., a custom manufacturer of rubber and plastic products in La Habra, Calif., bought Bandlock — the non-fenestration portion of AmesburyTruth's plastic extrusion business.
The acquisition includes a 72,000-square-foot facility in Ontario, Calif., that will allow Vip to offer new or improved services, such as laser printing, hot stamp foils, polycarbonate, glow-in-the-dark materials, larger profiles, and in-line punching and notching.
“Existing and new customers will benefit from the blending of these two extraordinary companies with a strengthened infrastructure, and increased production capabilities which include extruded and molded rubber products, and calender sheet rubber,” Vip President Howard Vipperman said in a news release.
Terms of the deal were not disclosed. Vip is a family-owned business founded in 1961. The company had corporate sales of $22 million in 2014, including $9 million related to pipe, profile and tubing, which placed it 141st among North American PPT extruders, according to Plastics News' ranking. AmesburyTruth, a manufacturer of window and door components for residential and commercial applications, is a subsidiary of London-based Tyman plc, which trades on the London Stock Exchange.
About 80 percent of Vip's PPT sales last year were in profiles and 20 percent in tubing for a variety of end markets ranging from appliances and aerospace to windows and weather-stripping. The company had 25 employees working eight manufacturing lines, according to Plastics News' data.
Vip's workforce grew by about 50 employees with the acquisition.
“(They) are still employed and working at that Ontario facility,” Vip Marketing Vice President Cindy LeClair said in an email. “We will not keep the Bandlock name. It will be absorbed into the Vip Rubber and Plastic name.”
AmesburyTruth retains the fenestration custom extrusion business, two Ontario employees, and the Bandlock Couplers business. The company has a U.S. base in Edina, Minn., and facilities throughout North America producing window and door extrusions, hardware and sealing systems for leading window and door manufacturers.
AmesburyTruth will consolidate extrusion operations for fenestration products in Cannon Falls, Minn., where the facility was upgraded to satisfy future demand. An engineering team also works there with a focus on material evaluation, process improvement and product design for fenestration customers.
“Our goal is to be North America's No. 1 supplier of window and door components,” AmesburyTruth President Jeff Graby said in a news release. “We're aligning our business to be the premier manufacturer of fenestration components, and streamlining our manufacturing efficiencies to strengthen our capabilities.”
The Bandlock Couplers business has already relocated from California to the company's operations in Fremont, Neb., which offers metal fabrication and manufactures fittings and couplings for the vacuum industry.