Engineered Plastic Components Inc. has acquired an automotive injection molding facility in Scottsburg, Indiana, from Viking Plastics
Engineered Plastic Components Inc. has acquired an automotive injection molding facility in Scottsburg, Indiana, from Viking Plastics.
In a press release, EPC officials in West Des Moines, Iowa said the Scottsburg plant makes injection molded interior panels.
They added that the management of both companies “worked closely to ensure that this transaction went well and smoothly for their clients.”
Reza Kargarzadeh, President and CEO of EPC, said in the press release that the acquisition “will increase our presence and our ability to better serve all of our customers.”
EPC now has 18 locations in North America. The company was involved in several acquisitions, most recently in October from the Japanese Inoac Corp. an injection molding facility in Bessemer, Alabama.
Viking, based in Corry, Pennsylvania, acquired the 120,000 square foot Scottsburg facility in 2018 as part of the acquisition of Genesis Plastics and Engineering LLC. That deal also included a 45,000 square foot tool shop in Jeffersonville, Indiana. In April 2020, Viking announced that it had installed two new injection molding machines in Scottsburg and planned to install four more by the end of 2020.
Prior to the Scottsburg acquisition, EPC was the 33rd largest injection moulder in North America, with annual sales estimated at $ 280 million, according to the latest data from Plastics News. Viking Plastics was ranked 109th with estimated sales of $ 70 million.