DipTech Systems Inc. was in the right place at the right time when it was formed April 1.
The company, created when Thomas A. Doland and others bought the assets of Lean Beam Systems Inc., arrived on the scene shortly after dipping and coating machine maker ACC Automation Inc. folded in February.
``I immediately saw the opportunity that was created when ACC closed its doors,'' said Doland, president and CEO of Solon, Ohio-based DipTech and affiliate LeanBeam Inc. ``It was a niche business and maybe tried to carve out too many niches. We'll keep a narrow focus.''
The closing gave DipTech a clear market in the dipping and coating machine business. And the firm took advantage of it, Doland said at the International Latex Conference.
The company has been making steady inroads in that and other markets, he said. ``We provide automation to take labor out of the manufacturing process and reduce costs for U.S. manufacturers so they can continue to compete in this country,'' he added. LeanBeam does the same in the material handling equipment industry.
The equipment DipTech makes is geared toward the medical goods industry and includes batch dipping systems, continuous chain dipping systems, pilot scale plants, coating systems, cast film systems and rubber sheeting units.
LeanBeam produces material handling automation machinery and serves as a systems integrator for the industry.