Family-owned Flambeau Inc., one of the larger injection molders in the U.S., has acquired Mastercraft Companies from that company's founder, Arle Rawlings, for an undisclosed price. Although Mastercraft is headquartered in Phoenix, AZ., Rawlings is from Minnesota, and he headed north to the Sauey family of Flambeau, which harkens from Wisconsin, to find a buyer for the company he founded in 1968.
Flambeau Inc. is headquartered in Baraboo, WI. Its purchase includes all of Mastercraft Companies, which consists of injection molder Polycraft Industries Inc. and high-end mold maker Mastercraft Mold Inc. According to Flambeau, Mastercraft Companies' Phoenix facilities and personnel will be focused on expanding Flambeau's pursuit of medical market and precision injection molded industrial market applications.
Flambeau was formed by two brothers in 1947 to mold fishing lures, but the company has expanded greatly since and is active in medical, molding a range of proprietary products including EMT/EMS boxes, first aid boxes, medical instrument boxes, and other products. However, its three major markets are in retail, automotive and industrial/packaging. Mastercraft gives it a processor successful in molding and assembly of high-end medical devices (see our report on its work on an artificial heart) and also top-of-the-line injection molds.
Flambeau's manufacturing facilities in the U.S. are in Baraboo, Wisconsin; Columbus, Indiana; Madison, Georgia; Middlefield, Ohio; Redlands, California; and Weldon, North Carolina. Its international facilities are in Ramsgate, England, and Saltillo, Mexico.
In a company statement, Jason Sauey, CEO of Flambeau and president of Nordic Group, the holding company created to control the family's assets, noted the integration of Mastercraft into Flambeau provides Flambeau with a solid platform for growth into medical markets. "Mastercraft has built a strong reputation and track record of serving a variety of medical market applications. We are excited to have added Mastercraft's skills and offerings in the medical market and look to expand our market reach with a wider offering of capabilities and footprint." He added, "Mastercraft has a long history of building reliable and complex tools for precision injection molding applications. The Mastercraft people know how to build high quality molds. This capability is very important for a wide variety of medical and industrial applications requiring close tolerances and systematic quality."
Added Rawlings, Mastercraft's owner and president, "After a lot of consideration I am determined Flambeau was a good fit for the perpetuation of the business I started. I feel comfortable with the people at Flambeau and Nordic, and I am confident their approach to business will serve the people I worked with for many years well while the financial base and resources of Flambeau will provide for greater growth opportunities going forward." Mastercraft Companies has two buildings with more than 58,000 square feet.