One of the largest custom rotational molding companies in the United States, Elkhart Plastics Inc. (EPI; South Bend, IN) reports that it has signed a definitive agreement to purchase the assets of The Plastic Professionals (P2) and Connect-A-Dock (CAD). The transaction is expected to finalize within the next 30 days.
|Elkhart Plastics manufactures Kong coolers.|
P2 is a 15-year-old custom rotational molder that primarily serves the marine recreation and point-of-purchase industries. It currently manufactures molded components for CAD, which was founded in 1995 and supplies modular floating docks and PWC docks to dealers across the United States.
Both P2 and CAD are located in Atlantic, IA, and are subsidiaries of Owner Revolution Inc., located in Adair, IA.
“We’re excited that this acquisition will allow us to increase our U.S. footprint and give EPI greater capacity,” said Jack Welter, CEO of EPI. “We’re looking forward to increasing service to current and future customers with an additional manufacturing location.”
EPI plans to transfer production from some of its current locations to P2 to better serve existing customers. In addition to its headquarters, EPI operates facilities in Littleton, CO.; Elkhart and Middlebury, IN.; and Ridgefield, WA.
With its 10 rotational molding machines, EPI manufactures products in a range of shapes, lengths and thicknesses for customers in the recreational vehicle, marine, agriculture, commercial construction, truck, material handling and other sectors. EPI also manufacturers Tuff Stack and Tuff Cube intermediate bulk containers and Kong coolers.