An investment group acquired Birmingham-based thermoformer Reliable Formed Plastics LLC on May 3. Terms were not disclosed.
The five-member investment group includes company founder Rick Turman, who will remain with Reliable Formed Plastics as president. New team members include Finance Director Michael Orme and Operations Director Matthew LePere.
Reliable Formed Plastics does vacuum forming, mold fabrication, computer numerically controlled routing and design and engineering. The company employs 10, Orme said.
The thermoformer makes parts for a range of industries, including aerospace, food and beverage, retail, marine, technology, health care and general industry. Reliable Formed Plastics plans to further diversify service and material offerings while obtaining manufacturing certifications such as ISO9001 and ASA9100.
The company also wants to expand its presence in the aerospace industry, given its proximity to manufacturers in Alabama and the Southeastern United States.