Rubber and Plastic Co., a screw extruders manufacturer custom supplier of rubber and plastic items in La Habra, Calif., has acquired Bandlock-the non-fenestration part of AmesburyTruth's plastic extrusion organization.
The acquisition carries a 72,000-sq.-ft. service in Ontario that may allow Vip to offer new or improved products and services, such as laser printing, scorching stamp foils, polycarbonate, glow-in-the-dark materials, larger profiles and in-line punching and notching.
Existing and clients will benefit from the blending of the two extraordinary businesses with a strengthened infrastructure and increased production capabilities, which include extruded and molded rubber products, and calender sheet rubberized, Vip President Howard Vipperman said in a reports release.
Terms of the deal were not disclosed. Vip is a family-possessed business founded in 1961. The business had corporate product sales of $22 million in 2014, including $9 million related to pipe, tubing and profile, which placed it 141st among UNITED STATES PPT extruders, according to a ranking
by Plastics News, a sister publication of Rubber & Plastics News. AmesburyTruth, a supplier of door and windows components for residential and commercial applications, is normally a subsidiary of London-established Tyman P.L.C., which trades on the London STOCK MARKET.
About 80 percent of Vip's PPT sales this past year were in profiles and 20 percent in tubing for a variety of end markets ranging from appliances and aerospace to windows and weather-stripping. The ongoing company had 25 employees working eight developing lines, according toPlastics News' info.
Vip's employees grew by about 50 employees with the acquisition.
(They) remain employed and functioning at that Ontario center, Vip Marketing Vice President Cindy LeClair said in an email. We won't keep the Bandlock name. It will be absorbed in to the Vip Plastic and Rubber name.
AmesburyTruth retains the fenestration custom extrusion business, several Ontario personnel and the Bandlock Couplers business. The company includes a U.S. base in Edina, Minn., and facilities throughout THE UNITED STATES producing windowpane and door extrusions, hardware and sealing devices for leading door and screen manufacturers.
AmesburyTruth might consolidate extrusion functions for fenestration products in Cannon Falls, Minn., where the facility was upgraded to satisfy future demand. An engineering team also gets results there with a focus on material evaluation, process improvement and merchandise design for fenestration clients.
Our goal is to be North America's No. 1 supplier of door and screen components, AmesburyTruth President Jeff Graby said in a news release. We're aligning our organization to be the premier supplier of fenestration factors, and streamlining our manufacturing efficiencies to reinforce our capabilities.
The Bandlock Couplers business already has relocated from California to the business's operations in Fremont, Neb., that provides metal fabrication and manufactures couplings and fittings for the vacuum industry.