Brainerd, Minn.-based Stern Assembly Inc. acquired the assets of the former American Custom Rotomolding facility in Maple Plain, Minn., to nearly double its rotational molding capacity.
ACR Asset Management Corp. Inc. sold the machines, automation and auxiliary equipment from the business, which ceased operations in December 2020, to the wholly owned subsidiary of Stern Cos. Inc.
Stern CEO Shawn M. Hunstad said the acquirer also negotiated a new lease with the owner of the building that housed American Custom and was able to retain a majority of the estimated 25 people who were employed there before it closed.
Stern Assembly now has about 100 employees, including the Maple Plain site, which resumed operations Jan. 18 — three days after the acquisition closed — and became the company's third production plant, Hunstad said.
The other two sites are in Brainerd and Hoyt Lake, Minn.
Founded in 2006, Stern Assembly started out assembling snowmobile and ATV fuel tanks and added rotational molding in 2007, Hunstad said. The company now rotomolds fuel tanks, seat supports, shock-absorbing boots, tractor fenders and air ducts for the recreational vehicle, sporting equipment, medical and agricultural markets.
Stern Assembly is experiencing growth across the board, but particularly in the agriculture, recreation, lawn and garden, and restaurant supply markets, Hunstad said.
The company could also use about 30 more employees, he added.
"We are diligently searching for additional people for the Maple Plain facility as well as for all of our facilities in Hoyt Lakes and Brainerd," Hunstad said.