American Plastics LLC has expanded its consumer storage products business through the acquisition of two Ohio-based injection molders.
Meanwhile, its predecessor company that reorganized under Chapter 11 in 2017, faces some legal obstacles.
American Plastics said April 18 that it acquired Centrex Plastics LLC of Findlay, Ohio, and sister company Creative Plastic Concepts of Sycamore, Ohio. The deal means American Plastics of Bridgeton, Mo., now has five manufacturing plants and 10 distribution centers in the United States.
Robert Guerra remains president and CEO of American Plastics while Nick Reinhart, former owner and president of Centrex and Creative Plastic, has been named chief innovation officer.
"With the added strength of the Centrex and Creative brands, American Plastics will be uniquely positioned to accelerate our sales, establish deeper partnerships with our customers, and acquire additional customers throughout the company," noted Guerra in a news release.
American Plastics said the deal expands its injection molding capacity and extends its clamp tonnage range to 90 to 2,000 tons. The deal also gives the company a bigger engineering team and 3D printing capabilities for product development.
Reinhart added that the purchase increases his former business's geographic coverage and will provide capital needed to accelerate growth.
The companies had a relationship prior to the latest deal. Three years ago, American Plastics' predecessor company, Katy Industries Inc., announced that it had purchased part of Centrex and the lease on Centrex's Tiffin, Ohio, manufacturing plant. The April 18 announcement covers the remainder of Centrex, including its Findlay facility as well as Creative Plastic Concepts.