MARQUETTE, Mich. (June 16) — Polyurethane molder Argonics Inc. has acquired Kryptane Systems L.L.C. of Louisville, Colo., expanding its capacity for precision castings.
No financial details were released.
Argonics said Kryptane Systems has been a leader in precision-cast PU products, including rollers, castors and springs and agricultural, medical and recreational products.
This purchase will give Argonics a prototyping and hand-casting facility where it can make "one-off partsé prototypes and proof-of-concept parts to current and potential customers," said Bob Airaudi, vice president of sales and marketing for Argonics.
"We´ll now be able to offer our customers low-volume and hand-cast production parts as well as concept development, mold design, and product implementation with quick turn around," the Argonics executive said.
Kryptane Systems has a 21,500-sq.-ft. facility plus a machine shop and a tooling and mold department, with three precision pouring machines.
Marquette-based Argonics, set up in 1994, claims to be the U.S. industry´s largest producer of polyurethane products.