UNITED PLASTICS GROUP, INC. ACQUIRES
OR PLASTICS, INC.
WESTMONT, IL June 5, 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 OR Plastics, Inc. of Brooksville,
FL. Terms of the transaction were not disclosed.
"With this acquisition, we continue to assemble
a balanced network of locations that will provide
products and services to our core group of strategic
partners to support their supply chain requirements,"
said William J. Kriss, President and CEO of United
Plastics Group, Inc. "This acquisition is
the first of several that we intend to accomplish
in 2000 in support of our customers global
reach."
Headquartered in Brooksville, FL, OR Plastics
is a fully integrated custom injection molder
of a broad range of products and value-added assemblies.
OR Plastics was founded in Vandergrift, PA in
1977 by the late John Okopal and his wife, Darlene.
In 1988, OR Plastics migrated to Brooksville where
it continued to grow through several expansions.
About United Plastics Group, Inc.
United Plastics Group, Inc., headquartered in
Westmont, IL, is a full service manufacturer of
precision plastic 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
Illinois, Kentucky, Massachusetts, and Florida.
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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