Page 54 - Plastics News December2018

BUSINESS NEWS

Plaskolite acquires ALP Lighting Pexco acquires Insultab,
extruded sheet extruded tubing

exco LLC, a leading North American specialty
laskolite the US-based manufacturer of plastic sheet
Pproducts, has acquired A.L.P.’s extruded smooth and Pplastics extruder, is pleased to announce the
patterned lighting sheet and extruded profile lens product acquisition of Insultab, Inc., a manufacturer of heat
lines, as well as select related manufacturing equipment. shrinkable and non-shrink tubing products based
The acquisition, completed last month, includes acrylic in Woburn, Massachusetts. Insultab’s operations
sheet, polyethylene commenced in 1953, with hot stamping identification
terephthalate (PET) of heat shrinkable markers for harness assemblies.
and polycarbonate By 1964, full scale manufacturing was underway as
(PC) lighting sheet Insultab began extruding tubing and expanding heat
product lines, as well shrinkable tubing products. After acquisition by Alpha
as extruded profile Wire Corporation in the mid-1990s, Insultab began
lenses. Financial operating as an independent company in 1997. Insultab,
terms were not Inc. is a well-recognized leader in the production of
disclosed. “Our heat shrinkable, non-shrinkable, and custom designed
relationship with tubing products having over fifty years of manufacturing
Plaskolite and the experience in providing flexible tubing products,
Dunn family extends back to the formation of A.L.P. This including the Insultab and VinylGuard brands, Pexco
transaction meets our “win-win-win” business standard, CEO Sam Patel said, “Insultab, Inc. is a tremendous
in that it benefits A.L.P., Plaskolite and our customers,” addition to our organization. Their wealth of expertise
states Steve Brown, CEO of A.L.P. “It enhances A.L.P.’s in the realm of heat shrinkable tubing capabilities
ability to build on its market leadership in other product represents a new direction for Pexco, deepening our
areas and to invest in growth opportunities for the future,” ability to offer advanced solutions to customers in new
Brown adds. “A.L.P. has been a respected leader in lighting markets. Insultab is known throughout the industry for
for more than 60 years, and we are excited to add their their outstanding service, superior products, and strong
capabilities and quality products to further expand our commitment to quality and consistency, making them
offering,” said Mitchell Grindley, Plaskolite’s President and
CEO. “This acquisition strengthens our offering and our
partnerships and allows us to better meet the demands
of LED lighting for our lighting customers. Adding A.L.P.’s
outstanding products to our Plaskolite portfolio gives our
customers the best and most extensive options available
in the market.”

A.L.P.’s LexaLite® brand is the market leader in injection
molded lighting optics. This agreement expands A.L.P.’s
ability to focus on, and invest in, this industry leading
business. Near term plans include adding injection molding an excellent fit for our growing business. Pexco will
to the company’s Monterrey, Mexico facility by Q3 2019. continue to build on Insultab’s exceptional reputation
A.L.P.’s Charlevoix, MI plant, which recently added a with a broader slate of products to better serve their
1650-ton workcell, will be further upgrading equipment customers.”At Insultab’s 50,000 square foot facility in
to enhance its edgelit panel production capabilities. Woburn, its operations include multiple extrusion lines
Additional moldable optical silicone capacity and an and custom-designed expanders, along with a variety
advanced automation cell are also expected to come of downstream value-added services. The purchase of
online in early 2019. A.L.P.’s Dickson, TN facility will be Insultab, Inc. represents Pexco’s second acquisition
expanding its injection molding capabilities and adding under its new ownership, having acquired Custom
state-of-the-art automation. Extrusion, Inc. in August 2018.

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