Wausaukee, Wisconsin - Wausaukee Composites Inc. has acquired the operating assets of polyurethane moulder Pla-Ma USA llc, through its subsidiary, Nero Plastics Inc.
In the deal, Nero Plastics has gained equipment, inventory and raw materials for making structural and soft-touch urethane mouldings and for parts made by reaction injection moulding (RIM).
Buying the Pla-Ma business, "including high-volume injection equipment, vacuum forming equipment, and robotics, allows us to offer moulding solutions where customers need lower volume soft-touch interior covers such as dashes, side panels, or access panels," commented Kevin Hughes, vice president of Nero Plastics, in a 1 May statement. "With this same equipment and similar materials we can easily extend our product offering to include other reaction injection moulded components such as armrests, machine covers, and body panels," Hughes pointed out.
The addition of in-house urethane moulding capacity "will further enhance the full spectrum of structural plastics moulding solutions that Wausaukee Composites and Nero Plastics are able to provide to our Global Fortune 500 customer base," said David Lisle, president and ceo of Wausaukee Composites, in the statement.
"We are continuing to build out our North American manufacturing base, in order to meet increased customer demand in our low-to-medium-volume, highly engineered, custom-moulded product segments. The Pla-Ma acquisition represents another step in that direction," he added.
Nero Plastics will continue to operate the urethane moulding business at its existing location in Owosso, Michigan, Hughes said, adding that, "No job reductions are anticipated at either the former Pla-Ma facility or at Nero Plastics, as a result of this acquisition."
Nero Plastics, also based in Owosso, custom moulds structural plastic and composite components in low- and medium-volumes. Wausaukee Composites acquired Nero, which has about 180 employees in two facilities in Michigan, in 2007. The business serves original equipment manufacturers in the heavy equipment, mining, heavy truck, mass transit, medical, and sporting goods industries.
"This acquisition is aligned with our active growth strategy, so we hope to see future job creation as a result of this transaction," concluded Hughes.