April 2018 – Findlay, OH – Creative Plastic Concepts of Findlay, OH and sister company, Centrex Plastics of Sycamore, OH have both been acquired by American Plastics LLC.
“With the added strength of the Centrex and Creative brands, American Plastics will be uniquely positioned to accelerate our sales, establish deeper partnerships with our customers, and acquire additional customers throughout the company,” noted Robert Guerra, President and CEO of American Plastics, in a news release.
American Plastics said the deal expands its injection molding capacity and extends its clamp tonnage range to 90 to 2,000 tons. The deal also gives the company a bigger engineering team and 3D printing capabilities for product development.
The companies had a relationship prior to the latest deal. Three years ago, American Plastics’ predecessor company, Katy Industries Inc., announced that it had purchased part of Centrex and the lease on Centrex’s Tiffin, Ohio, manufacturing plant. The April 18 announcement covers the remainder of Centrex, including its Findlay facility as well as Creative Plastic Concepts.
MBS advised Creative Plastic Concepts in connection with the transaction.
Excerpts from above were taken from a recent Plastics New article. Click here for the full article.
Plastics Today also wrote an article regarding this transaction. Click here to read the article.