Skip to main content
Sister Publication Links
  • Sustainable Plastics
  • Rubber News
Subscribe
  • Sign Up Free
  • Login
  • Subscribe
  • News
    • Processor News
    • Suppliers
    • More News
    • Digital Edition
    • End Markets
    • Special Reports
    • Newsletters
    • Resin pricing news
    • Videos
    • Injection Molding
    • Blow Molding
    • Film & Sheet
    • Pipe/Profile/Tubing
    • Rotomolding
    • Thermoforming
    • Recycling
    • Machinery
    • Materials
    • Molds/Tooling
    • Product news
    • Design
    • K Show
    • Mergers & Acquisitions
    • Sustainability
    • Public Policy
    • Material Insights Videos
    • Numbers that Matter
    • Automotive
    • Packaging
    • Medical
    • Consumer Products
    • Construction
    • Processor of the Year
    • Best Places to Work
    • Women Breaking the Mold
    • Rising Stars
    • Diversity
    • Most Interesting Social Media Accounts in Plastics
  • Opinion
    • The Plastics Blog
    • Kickstart
    • One Good Resin
    • Pellets and Politics
    • All Things Data
    • Viewpoint
    • From Pillar to Post
    • Perspective
    • Mailbag
    • Fake Plastic Trees
  • Shop Floor
    • Blending
    • Compounding
    • Drying
    • Injection Molding
    • Purging
    • Robotics
    • Size Reduction
    • Structural Foam
    • Tooling
    • Training
  • Events
    • K Show Livestream
    • Plastics News Events
    • Industry Events
    • Injection Molding & Design Expo
    • Livestreams/Webinars
    • Editorial Livestreams
    • Ask the Expert
    • Plastics News Events Library
    • Processor of the Year submissions
    • Plastics News Executive Forum
    • Injection Molding & Design Expo
    • Plastics News Caps & Closures
    • Women Breaking the Mold Networking Forum
    • Plastics in Automotive
    • PN Live: Mergers and Acquisitions
    • Polymer Points Live
    • Numbers that Matter Live
    • Plastics in Politics Live
    • Sustainable Plastics Live
    • Plastics Caps & Closures Library
    • Plastics in Healthcare Library
    • Women Breaking the Mold Networking Forum Library
  • Rankings & Data
    • Injection Molders
    • Blow Molders
    • Film Sheet
    • Thermoformers
    • Pipe Profile Tubing
    • Rotomolders
    • Mold/Toolmakers
    • LSR Processors
    • Recyclers
    • Compounders - List
    • Association - List
    • Plastic Lumber - List
    • All
  • Directory
  • Resin Prices
    • Commodity TPs
    • High Temp TPs
    • ETPs
    • Thermosets
    • Recycled Plastics
    • Historic Commodity Thermoplastics
    • Historic High Temp Thermoplastics
    • Historic Engineering Thermoplastics
    • Historic Thermosets
    • Historic Recycled Plastics
  • Custom
    • Sponsored Content
    • LS Mtron Sponsored Content
    • Conair Sponsored Content
    • KraussMaffei Sponsored Content
    • ENGEL Sponsored Content
    • White Papers
    • Classifieds
    • Place an Ad
    • Sign up for Early Classified
MENU
Breadcrumb
  1. Home
  2. News
November 05, 2018 01:00 AM

Savalia buys Performance Engineered Products

Roger Renstrom
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    Performance Engineered Products Inc.
    Dennis Savalia at his latest acquisition, Performance Engineered Products Inc.

    Plastics industry entrepreneur Dennis Savalia scored his largest acquisition Nov. 2, buying Performance Engineered Products Inc. in Pomona, Calif.

    PEP becomes Savalia's sixth purchase of a plastics processing business in three southern California counties in the past 20 months.

    "I keep in touch with people. Relationships are very important," Savalia said about his purchasing practices. "People know me and approach me. It helps me to grow my own business and deal with customers as well."

    Savalia acquired PEP from the estate of Carl Joseph Dispenziere Sr. Terms were not disclosed. Dispenziere founded PEP in Los Angeles in 1979 and moved the business to Pomona in 1981. He died in 2011 at the age of 77.

    Savalia intends to consolidate his five smaller businesses within PEP's leased 50,000-square-foot facility during the next six months.

    "We have an option on additional space" adjacent to the existing Pomona quarters, he said.

    Savalia has assumed the duties of CEO and president at PEP.

    PEP's previous CEO, Kevin Rafferty, has committed to help for a few months during the transition and remain available as a consultant, as needed.

    Rafferty, a business transition and turn-around specialist, joined PEP in January 2013 as CEO, and says he returned the plastics business to profitability within four months of his arrival.

    PEP operates 30 injection molding machines — 13 Toyo, 10 Selex, four Arburg, two vertical Engel and one Cincinnati — with a clamping force ranging from 28-390 tons.

    Savalia operates a total of 24 presses of 60-825 tons at his other California sites, Honor Plastics and Molding Inc. in Ontario and Kowalski Molding Service Inc. in Riverside.

    "My goals are to reach $12 million in 2019 and $15 [million] to $18 million in a couple of years," Savalia said in a telephone interview.

    PEP recorded sales of about $6 million for the fiscal year ended Oct. 31, 2018. Savalia projects 2018 sales of about $4.5 million for the five other businesses.

    PEP employs 32, with primary end markets in the of automotive, electrical/electronics, appliances and consumer products, aerospace and non-invasive medical industries .

    Savalia's investments are located in San Bernardino, Los Angeles and Riverside counties.

    In 2017, Savalia acquired Honor Plastics from James and Susan Prior and Pearce Plastics Inc. in Pasadena from the estate of Woodrow Wilson Pearce in March; Precision Plastic Concepts Inc. in Rancho Cucamonga from the estate of Frederick Fitzgerald in July and Kowalski Molding Service Inc. and its machine shop from Stanley Kowalski in November. Savalia had operated the Kowalski facility on a rental basis for two months.

    In March 2018, he added Target Molds Inc. of Baldwin Park, which does business as Target Molds & Plastics, from Frank and Antoinette Grower.

    Savalia has consolidated and absorbed the Pearce, Precision Plastic and Target operations at Honor's 22,000-square-foot facility in Ontario, and each of those identities will come under the PEP banner. The Honor and Kowalski business names are also being phased out.

    Previously, Pearce had occupied 30,000 square feet, Precision Plastic 10,000 square feet and Target 12,000 square feet. The Kowalski operation continues temporarily in its own facility pending its relocation to Pomona.

    Now, Savalia's operations employ a total of 60 including two mold makers at Honor Plastics and one at Kowalski Molding.

    Previously in Southern California, Savalia, 54, held positions as general manager and vice president of Hi-Rel Plastics & Molding Inc. in Riverside and vice president at Tri-Star Plastics and Molding Inc. in Anaheim.

    RECOMMENDED FOR YOU
    Illinois AG sues 14 firms over PFAS contamination
    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Plastics News would love to hear from you. Email your letter to Editor at [email protected]

    Most Popular
    1
    Berry CEO Salmon retiring
    2
    Slowing demand for thermoformed PET leads to Genpak plant closure
    3
    Prices on the rise for PP, PVC
    4
    SK Battery America invests $19M in Georgia IT center
    5
    Singing the praises of family ownership
    SIGN UP FOR OUR FREE NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Plastics News delivered straight to your inbox, free of charge.

    Subscribe today

    Subscribe to Plastics News

    Subscribe now
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter
    • Instagram

    Plastics News covers the business of the global plastics industry. We report news, gather data and deliver timely information that provides our readers with a competitive advantage.

    Contact Us

    1155 Gratiot Avenue
    Detroit MI 48207-2997

    Customer Service:
    877-320-1723

    Resources
    • About
    • Staff
    • Editorial Calendar
    • Media Kit
    • Data Store
    • Digital Edition
    • Custom Content
    • People
    • Contact
    • Careers
    • Sitemap
    Related Crain Publications
    • Sustainable Plastics
    • Rubber News
    • Tire Business
    • Urethanes Technology
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Processor News
        • Injection Molding
        • Blow Molding
        • Film & Sheet
        • Pipe/Profile/Tubing
        • Rotomolding
        • Thermoforming
        • Recycling
      • Suppliers
        • Machinery
        • Materials
        • Molds/Tooling
        • Product news
        • Design
      • More News
        • K Show
        • Mergers & Acquisitions
        • Sustainability
        • Public Policy
        • Material Insights Videos
        • Numbers that Matter
      • Digital Edition
      • End Markets
        • Automotive
        • Packaging
        • Medical
        • Consumer Products
        • Construction
      • Special Reports
        • Processor of the Year
        • Best Places to Work
        • Women Breaking the Mold
        • Rising Stars
        • Diversity
        • Most Interesting Social Media Accounts in Plastics
      • Newsletters
      • Resin pricing news
      • Videos
    • Opinion
      • The Plastics Blog
      • Kickstart
      • One Good Resin
      • Pellets and Politics
      • All Things Data
      • Viewpoint
      • From Pillar to Post
      • Perspective
      • Mailbag
      • Fake Plastic Trees
    • Shop Floor
      • Blending
      • Compounding
      • Drying
      • Injection Molding
      • Purging
      • Robotics
      • Size Reduction
      • Structural Foam
      • Tooling
      • Training
    • Events
      • K Show Livestream
      • Plastics News Events
        • Plastics News Executive Forum
        • Injection Molding & Design Expo
        • Plastics News Caps & Closures
        • Women Breaking the Mold Networking Forum
        • Plastics in Automotive
      • Industry Events
      • Injection Molding & Design Expo
      • Livestreams/Webinars
        • PN Live: Mergers and Acquisitions
      • Editorial Livestreams
        • Polymer Points Live
        • Numbers that Matter Live
        • Plastics in Politics Live
        • Sustainable Plastics Live
      • Ask the Expert
      • Plastics News Events Library
        • Plastics Caps & Closures Library
        • Plastics in Healthcare Library
        • Women Breaking the Mold Networking Forum Library
      • Processor of the Year submissions
    • Rankings & Data
      • Injection Molders
      • Blow Molders
      • Film Sheet
      • Thermoformers
      • Pipe Profile Tubing
      • Rotomolders
      • Mold/Toolmakers
      • LSR Processors
      • Recyclers
      • Compounders - List
      • Association - List
      • Plastic Lumber - List
      • All
    • Directory
    • Resin Prices
      • Commodity TPs
        • Historic Commodity Thermoplastics
      • High Temp TPs
        • Historic High Temp Thermoplastics
      • ETPs
        • Historic Engineering Thermoplastics
      • Thermosets
        • Historic Thermosets
      • Recycled Plastics
        • Historic Recycled Plastics
    • Custom
      • Sponsored Content
      • LS Mtron Sponsored Content
      • Conair Sponsored Content
      • KraussMaffei Sponsored Content
      • ENGEL Sponsored Content
      • White Papers
      • Classifieds
        • Place an Ad
        • Sign up for Early Classified