Anaheim, Calif. — Unit Industries Group Inc. of Santa Ana, Calif., promoted its acquisition of Tri-Star Plastics & Molding Inc. in its booth at the UBM Advanced Manufacturing expo in Anaheim.
Custom injection molder Tri-Star has added a 1,150-ton Absolute Haitian press and a 750-ton press recently. The Tri-Star site in Anaheim now operates 25 injection molding presses — including 20 Toshibas and three Toyos — with a clamping force range of 60 to 1,150 tons.
Tri-Star employs about 48, occupies 30,000 square feet in two buildings, had 2016 sales in the mid-$4-million range, and is certified under ISO 9001:2008 and the AS 9100 Revision C standards.
Tri-Star's assembly and secondary operations handle large turnkey projects including work on Turbo-Wash-brand power pressure washers, ultra-sonic-welded business machines and leak-tested Freestyle Audio Soundwave water resistant MP3 players.
Privately owned Tri-Star Holding Group sold the assets to Unit Industries on Nov. 11. Terms were not disclosed.
The Costa Mesa, Calif., branch of Comerica Bank provides funding to Unit Industries, which Anthony Codet owns. He serves as president.
“We're thrilled to be able to partner with a company like Unit Industries to help them grow their business,” Robert Yates, vice president and relationship manager for Orange County business banking, said by email. “We're able to provide the kind of expertise they need as they move toward expansion in the future.”
In earlier Southern California deals, Codet acquired Unit Industries of Fullerton in May 2005, Superior Mold Co. of Ontario in September 2007, Southern California Plastics Co. of Santa Ana in August 2010, and Sandberg Industries Inc. and Sandberg International and a related maquiladora in November 2013.