Chapin Manufacturing Inc. has acquired the fixed assets and land of the custom blow molder Quality Blow Molding Inc.
As a result of the purchase agreement signed on June 29, Chapin established a new subsidiary, Chapin Custom Molding Inc. The subsidiary will operate from QBM’s approximately 80,000 square foot facility in Elyria, Ohio.
Jim Campbell, president and CEO of Chapin Manufacturing, based in Batavia, New York, declined to say how much the company had spent on the purchase but said it was “tens of millions on the properties and assets.”
“We were almost exhausted at the Batavia plant, a 700,000-square-foot facility,” said Campbell of the investment.
Chapin Manufacturing primarily serves the lawn and gardening market with proprietary products such as compressed air sprayers. The company has been blowing pressure vessels and pressureless tanks and cylinders for decades, he said.
“We decided to start blow molding some larger 12- and 24-volt tanks, up to 60 gallons, for vehicle- and trailer-mounted sprayers,” said Campbell. “This facility is the right size.”
Chapin Custom Molding bought all of QBM’s injection molding and blow molding equipment. That includes more than 30 blow molding machines and some injection molding presses, Campbell said.
The company will source several larger blow molding machines and some additional injection molding machines. The clamping forces of the injection molding presses are between 250-750 tons. Storage and material handling will also be improved, he said.
Chapin Manufacturing bought the business from Ron Matcham, President and Owner of QBM. The intermediary for the sale was the Plastics Machinery Group International Ltd. in Bedford Heights, Ohio.
QBM produced various plastic components for a variety of markets including automotive, home appliances, lawn and garden, leisure and toys. The company was ranked 97th on Plastics News’ annual list of North American blow molders, with estimated mold sales of $ 7.5 million in 2016.
Campbell said Matcham will no longer be an employee of Chapin Custom Molding and the former owner has “moved on to other business interests”. The on-site General Manager for Chapin Custom Molding is now Brian Evertt, who was formerly Plant Manager at Chapin’s Batavia plant.
Almost all of QBM’s former employees – around 35, Campbell said – have been invited to apply to Chapin Custom Molding.
Chapin Custom Molding currently employs 30 people and plans to more than double that number in the next 12-16 months.
Chapin Manufacturing has four locations in the US with locations in Batavia and Clarence, NY; Coopersville, Michigan; and now Elyria. The company employs more than 300 people at these locations.
The company also operates two wholly-owned subsidiaries with three locations in China: an export company in Ningbo and a joint plant and mold shop, both in Taizhou.