Manufacturing Industry
IPL boosts capacity with Quebec buy.(Brief Article)
Plastics News, May, 2000 by Lauzon, Michael
IPL Inc. has gained some much-needed capacity by acquiring a custom injection molder in eastern Quebec. IPL bought Plastiques Gagnon Estrie, a Lawrenceville, Quebec, molder that mainly supplies components to Bombardier Inc.'s recreational division in nearby Valcourt, Quebec. Plastiques Gagnon Estrie has annual sales of about C$7.5 million (US$5.1 million) and runs nine injection presses with clamping forces of 300-1,500 tons.
The purchased firm will allow IPL to bring in-house about C$4 million (US$2.7 million) a year of molding work it has been contracting out to other custom molders, said Alain Ferland, IPL president and chief executive officer. The deal brings with it about 80 well-trained operators and technicians, saving IPL considerable time and expense to...
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