Financial terms of the transaction between both Huntington Beach-based companies were not disclosed.
InterTrade Industries has specialized in vacuum and pressure forming of heavy-gauge plastics as well as polyurethane foam products for a variety of industries, including aerospace, military, automotive, electronics, medical and consumer products. With the acquisition of Plastic Concept Inc., InterTrade Industries has quadrupled its tooling capabilities. In addition, it will be adding nine thermoforming lines that specialize in thin-gauge plastics, benefiting the retail packaging market, among others. This adds to the current blister and clamshell thermoforming capabilities of InterTrade Industries.
“For more than 35 years, the team at InterTrade Industries has been offering engineering insight and experience to help clients bring new ideas to life; now, we have even more technology to do so,” said Niki Kopenhaver, president and chief operating officer of American Innotek, parent company of InterTrade Industries. “This acquisition fits our strategic growth plan, and will allow us to help even more clients by providing high-quality products and unparalleled customer service.”
In order to ensure a successful transition, all current Plastic Concept Inc. employees will join the InterTrade team.
“We pride ourselves in understanding today's competitive marketplace and our clients' need to produce products quickly, cost efficiently and without sacrificing quality. We're thrilled that the Plastic Concept Inc. employees who are joining our team share these ideals,” said Kopenhaver.
InterTrade Industries has specialized in vacuum and pressure forming of heavy-gauge plastics as well as polyurethane foam products for a variety of industries, including aerospace, military, automotive, electronics, medical and consumer products. With the acquisition of Plastic Concept Inc., InterTrade Industries has quadrupled its tooling capabilities. In addition, it will be adding nine thermoforming lines that specialize in thin-gauge plastics, benefiting the retail packaging market, among others. This adds to the current blister and clamshell thermoforming capabilities of InterTrade Industries.
“For more than 35 years, the team at InterTrade Industries has been offering engineering insight and experience to help clients bring new ideas to life; now, we have even more technology to do so,” said Niki Kopenhaver, president and chief operating officer of American Innotek, parent company of InterTrade Industries. “This acquisition fits our strategic growth plan, and will allow us to help even more clients by providing high-quality products and unparalleled customer service.”
In order to ensure a successful transition, all current Plastic Concept Inc. employees will join the InterTrade team.
“We pride ourselves in understanding today's competitive marketplace and our clients' need to produce products quickly, cost efficiently and without sacrificing quality. We're thrilled that the Plastic Concept Inc. employees who are joining our team share these ideals,” said Kopenhaver.
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