Garden Grove, California -- Deltron Inc. has reported a strong financial performance for its wholly owned Elasco Inc. polyurethane manufacturing business, which generated $2.03 million in revenue and $127 700 in earnings (EBITDA) for 2009.
Deltron said it believes the division will "significantly increase revenue and production this year given its improvement in year over year sales."
Henry Larrucea, Deltron ceo, commented: "Deltron is proud of Elasco's solid 2009 financial results. We believe sales and revenue will increase throughout this year. Elasco has ramped up to meet increasing demand from existing customers, brought in new business and received very exciting inquiries from potential new customers."
Elasco, Inc. is a 30-year-old manufacturer of engineered plastics and polyurethane mouldings, operating from what Deltron calls "a highly efficient production facility in Southern California."
Deltron said the company provides complete design and manufacturing services including prototype work, mould and tooling design, manufacturing, proprietary polymer mixing, custom casting and plastic injection moulding.
Elasco business includes recreational and industrial products for a wide range of customers and uses, such as roller skate and skateboarding wheels, and high-performance wheels and components for original equipment manufacturers (OEMs). Deltron said Elasco has "a leadership position in this growing niche market."
The company also makes a variety of industrial products used in assemblies and machinery where a long lifecycle is required, such as fire-hydrant seals, exercise-equipment rollers, and bowling-pin setter pads and liners.