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Sweden’s Nolato acquires Contour Plastics for $22 million

Swedish molder Nolato AB has established a North American production base through the acquisition of Contour Plastics (Baldwin, WI) for $22 million. Nolato, which injection molds plastic, rubber, silicone, and thermoplastic elastomers, will rename the acquired business "Nolato Contour." Contour, which is largely focused on the medical market, has annual sales of around $22 million and employs 180.

PlasticsToday Staff

July 27, 2010

2 Min Read
Sweden’s Nolato acquires Contour Plastics for $22 million

(Baldwin, WI) for $22 million. Nolato, which injection molds plastic, rubber, silicone, and thermoplastic elastomers, will rename the acquired business "Nolato Contour." Contour, which is largely focused on the medical market, has annual sales of around $22 million and employs 180. Effective July 26, Contour will become part of the Nolato Group so that it will have an immediate, marginal, positive effect on Nolato's earnings per share in 2010, according to the company.

Founded in 1990, Contour Plastics has a production area covering 9000m2, with some 700m2 of cleanrooms. In addition to its base of U.S. medical customers, Nolato said the Contour site will make it possible to offer European customers production in North America. Christer Wahlquist, president of Nolato Medical Business Area, said the new operation in Wisconsin gives his company a presence in the Minneapolis to Chicago medical belt, calling the region "one of four key American medical technology clusters."

Nolato purchased the business from its founder and president, Barry Grant, who will continue to manage and run operations together with Gus Myran, VP of operations. Mattias Persson, director of business development at Nolato Medical, will lead the process of identifying business opportunities among Contour Plastic's existing customers, as well as integrating the company into the Nolato Group and providing a bridge for European customers to Nolato Medical's new North American production unit.

Nolato has been active in the medical market for some time. Its medical technology production was incorporated as a separate company in Nolato Polymer in 1997. Seven years later in 2004, Nolato acquired the medical technology operations of Astra Tech from Bergman & Beving. The next year, Nolato Medical set up production of medical devices in Hungary. In 2006, the company acquired Medical Rubber, a specialist in silicone rubber molding for medical, and in 2009, Nolato Medical began production in Beijing, China. Today the company offers molding in Classes 7, 8 and 9 cleanrooms, according to the ISO 14644-1 standard, with extrusion, dipping, and injection blowmolding capabilities, in addition to injection molding.

In addition to the recent purchase of a uPrint 3D Printer from Dimension, Contour had recently nearly doubled its office and production floor space. The 46,000-ft2 expansion included class 10,000 and 100,000 cleanrooms. —[email protected]

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