Mac Plastics Manufacturing Inc. has acquired the assets of profile extruder Plastic Processors Inc., giving Mac its second plant and the opportunity to enter new markets.
Like Olney, Ill.-based Mac, Plastic Processors of Hamilton, Ind., custom extruded products for markets including construction and lawn and garden. With the purchase of Plastic Processors, effective July 1, Mac plans to expand into the pool and spa, furniture, aviation and railroad products.
"[Plastic Processors] and Mac Plastics were just a good fit for each other. Our cultures are very similar, both are family-owned companies and the acquisition has allowed us to venture into some additional markets," Mac President and CEO Rod Michels told Plastics News via email.
Jackson and Sylvia Wetzel started Plastic Processors in the 1970s. Their son, Jay Wetzel, took over the business in 2008 and has now retired, Michels said.
Michels said Mac plans to add to both operations.
The 40,000-square-foot Hamilton plant, which generated around $2 million in 2021 sales, employs 12 and has six profile extrusion lines. Michels said he plans to add two more extruders in the next six months to handle increased business from a coextrusion customer.
Mac, which had 2021 sales of about $16 million, has 13 lines for extruding pipe, profile and tubing in its 50,000-square-foot Olney plant, landing at No. 116 in the most recent Plastics News ranking of pipe, profile and tubing extruders in North America. Michels said the company might add a 3 1/2-inch extruder and downstream equipment there in the next six months.
The plant also injection molds parts for some extrusion customers, mainly those in the lawn and garden industry, Michels said. The facility recently added its third injection molding machine, a 55-ton Sumitomo press, and Mac could gain two more presses within a year.
"Eventually, we plan to add some molding capabilities in Hamilton as well," he said.