Rubber injection molder Mission Rubber Industries L.L.C. in Corona, Calif., has acquired thermoplastics molder Edge Plastics Inc., in a deal that's focused on action sports products.
Terms were not disclosed. Mission Rubber is keeping Edge's Riverside, Calif., location and all of the company's 85 production, engineering and maintenance employees. Mission Rubber currently has about 400 employees.
"Our intention is to grow the business here in California, maintain all the personnel and the manufacturing platform, and make sure that we have good secure jobs that are going to help us to ensure a profitable business moving forward," Mission Rubber Vice President Chris Vansell said.
"The chains of distribution are different, but the manufacturing platforms are similar," he added. "If you know how to run an injection molding rubber machine, you know how to run an injection molding plastic machine."
Edge Plastics is an injection molder that owns the ODI Grips brand, which molds grips for mountain, motocross and BMX bicycles, ATVs, personal watercraft, motorcycles and similar products. The company also does custom molding.