Intek Plastics Inc. has acquired a 72,000-square-foot extrusion facility from Weather Shield Manufacturing Inc., including equipment, in Medford, Wis.
The site is structured to manufacture high-quality extrusion solutions for the fenestration market. It will be the second plant for Intek, based in Hastings, Minn.
"This acquisition is part of our long-term growth and diversification initiatives," Intek CEO Kevin Hogan said in a March 5 news release.
"In addition to continuous investment in our Hastings facility, adding the Medford plant greatly increases our twin-screw extruder capacity. This allows us to immediately support the growth of our customers and further expand into the agriculture, power, infrastructure, lighting and other markets."
The company will take on 25 existing employees from the plant and plans to add more as business demand requires, Hogan told Plastics News in an email.
Hogan declined to comment on the cost of the acquisition.
The Wisconsin plant provides the company with risk reduction, it said in the release, by giving it production capabilities from two locations.
The equipment acquired is equivalent to Intek's twin-screw extruders in the Hastings, Minn. facility.
Intek Plastics supplies engineered thermoplastic extrusions, fabricated sub-assemblies, specializing in in custom profiles for construction, fenestration, hydroponics, lighting and refrigeration applications.
It was No. 61 in the most recent Plastics News pipe, profile and tubing extruders in North America with about $60 million in sales in the region.