ERJ staff report (RPN)
By Rubber & Plastics News staff
Buffalo, New York - Protective Industries Inc., which owns Caplugs, a manufacturer of protective plastic products, has partnered with private equity firm Windjammer Capital Investors to buy Shercon Inc. The deal closed 30 April. Terms were not disclosed.
Cypress, California-based Shercon makes die cut and moulded rubber masking, including caps, plugs and tape, which are used to protect surfaces during industrial finishing processes.
The company dates back to 1946, but it has done all its manufacturing in China since 2002, when it opened a plant in Hangzhou, China.
Buffalo-based Caplugs makes caps, plugs, tubing, containers, edge liners, fasteners, netting and masking products. While Shercon specializes in rubber, Caplugs is primarily a plastics processor. The company has four manufacturing and distribution facilities, in Buffalo; Erie, Pennsylvania; Rancho Dominguez, California; and Shanghai.
Caplugs does injection moulding, vinyl dip moulding and plastic extrusion, and the company said it makes about 2 billion pieces per year.
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Article from Rubber & Plastics News