UNITED PLASTICS GROUP, INC. ACQUIRES
SUPREME PLASTICS, INC.
This acquisition is the second
of several that UPG intends to accomplish in 2000
WESTMONT, IL – June 30, 2000 – United
Plastics Group, Inc., a full service manufacturer
of plastic products for the electronics, medical,
consumer and industrial markets, today announced
the acquisition of Supreme Plastics, Inc. of Gladewater,
TX. Terms of the transaction were not disclosed.
"With this acquisition, we continue to assemble
a balanced network of locations, and expand our
capabilities in the electronics and industrial
markets that will provide products and services
to our core group of strategic partners,"
said William J. Kriss, President and CEO of United
Plastics Group, Inc. "This acquisition is
the second of several that we intend to accomplish
in 2000 in support of our customers’ global
reach."
United Plastics Group most recently acquired custom
injection molder OR Plastics, Inc. on June 5,
2000.
Headquartered in Gladewater, TX, Supreme Plastics
is a fully integrated injection molder of products
and value-added services for the electronics and
industrial/automotive markets. Supreme Plastics
was founded in 1990 by David Frye in White Oak,
TX in a 12,000-sq. ft. facility with six molding
machines. Today Supreme Plastics employs over
300 employees and has manufacturing operations
in Gladewater, TX, Pharr, TX, and a shelter assembly
operation in Reynosa, Mexico. David Frye will
continue to serve as president.
About United Plastics Group, Inc.
United Plastics Group, Inc., headquartered in
Westmont, IL, is a full service manufacturer of
precision plastics products and value-added services
for the electronics, medical, consumer and industrial
markets. With this acquisition, United Plastics
Group operates state-of-the-art facilities in
Florida, Illinois, Kentucky, Massachusetts, Mexico,
and Texas. United Plastics Group completed this
transaction with their financial partner, Aurora
Capital Group of Los Angeles, CA, an investment
firm that acquires and builds companies in partnership
with operating management. Aurora is actively
working with United Plastics Group to identify
complementary acquisitions.
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