May 31 2004
Moll Industries, Inc., a custom plastics injection molder and manufacturer in business since 1945, announced today it purchased the assets of Creative Plastic Molders, Inc. (CPM) in Lexington, North Carolina. Moll’s strategy for the buy is to dedicate the company’s Seagrove, North Carolina facility solely to medical production and assemblies. By moving production functions for appliance and consumer products to the nearby locale, Moll achieves enhanced operations for all its core market segments.
Moll anticipates a continuation of “business-as-usual” for existing CPM customers and suppliers, but notes the company is under no obligations and cannot be held liable for any prior CPM commitments. Bill Collins, Operations Manager for both Moll North Carolina operations stated, “we are committed to a seamless transition of business for the Lexington facility.” He also confirmed Moll’s plans to hire many ex-CPM staff, and to aggressively pursue continued growth within all market segments.
The Lexington facility, built in 1980, is comprised of about 110,000 square feet of production space, and complements an already robust array of plastics manufacturing capabilities and service offerings. Moll now commands more than 220 injection molding machines ranging from 33 to 1650 tons, and controls sister operations in Ft. Smith, AR, New Braunfels, TX and La Vergne, TN and Brazil.
Citing an increasing 12-month sales trend, Moll President Ron Embree said, “This just makes good sense. We know we are taking on experienced people, and we’ll be able to respond with competence and confidence to escalating client demands while streamlining our focus within specific facilities and taking us to the next level in providing value-added customer benefits.”
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