Integrity Rotational Molding LLC's new sole owner is not new to the company at all.
Minority owner Terry Stemple, who has been with the business since its founding in 2001, is acquiring full ownership of the Plainfield, Ind.-based company. And with the change, Stemple said he sees an opportunity for growth at the 50-employee firm now occupying 72,000 square feet.
"I've always had the vision to be the sole owner of Integrity and see how far we can grow the business," Stemple said in a statement. "I want to build a family business and a legacy for my family who are part of Integrity's leadership team. Not only for them but to provide a truly great place to work where all our employees feel like family, too."
Integrity makes products for the advertising, agriculture, automotive, waste disposal, construction, medical, transportation, recreation, shipping, safety, and home and garden markets.
Integrity was No. 65 in the most recent Plastics News ranking of North American rotomolders with $7.2 million in sales in the region.
As minority owner, Stemple actually has been running the business for more than 15 years. He became a minority partner with original owner Bill Delong in July 2001. Gary Richardson later became majority owner after acquiring Delong's portion of the company and became a silent partner in 2007, the company said.
Stemple sees growth opportunities by launching proprietary product lines and expanding operations. "I want to add one to two machines and expand the building to provide complete assembly, store inventory and drop-ship our customer's products. The goal is to offer total turnkey services," Stemple said in his statement.
Integrity's operations include a tool shop for mold repairs and revisions. The company said it has developed a reputation for achieving "tolerances not usually associated with rotomolding."
Integrity's customer list includes companies in the United States, Canada, Germany and Ireland.