The Keene Family of Cos. has purchased Village Plastics Co., a maker of 3D filament that had been facing closure, and changed the name to Keene Village Plastics.
Terms of the deal, which was completed in June, were not disclosed. A new Keene Village logo launched last month.
Keene Village started out 10 years ago as Village Plastics Co. in Barberton, Ohio, making welding rods used to assembly large plastic tanks. It later added 3D filament, along with some big customers, including Maker Bot and 3D Systems Corp.
Then, in 2013, 3D Systems bought the company, bringing plastic filament production in house. But then Rock Hill, S.C.,-based 3D Systems began withdrawing from the consumer market, and there was talk about closing Village Plastics.
Barberton is about 45 miles from the Keene Family headquarters in Mayfield, Ohio. The businesses had a common material vendor and word about Village's uncertain future got to Keene officials. They were interested.
"We were lucky enough to find a buyer so they [3D Systems Corp.] were receptive to the idea of somebody coming in and purchasing us," Plant Manager John Hosbach said in a phone interview.
Village has a 30,000-square-foot facility with 15 employees, 15 extrusion lines and extra capacity.
"We're glad to keep the doors open, and everyone is still working," Hosbach said. The plant has customized extrusion lines and in-house tooling capabilities.
The Keene portfolio already included Keene Building Products, where construction began Sept. 27 on a 25,000-square-foot, steel manufacturing facility in Euclid, Ohio; Dependable LLC, which makes floor preparation products, including synthetic underlayments, in Rocky River, Ohio; and Continental Products Ltd., a manufacturer of specialty coatings like Puttylastic, that also is in Euclid.
The acquisition of Village "allows for brand expansion," gives the Keene companies a chance to grow locally and nationally, and adds to the business's understanding of filament production as it develops further profiling capabilities.