(5/16/2005) Three Major EPS Manufacturer's Merge
DENVER, CO - Three multi-plant EPS
manufacturers, operating in different geographical markets, have merged
to become a dominant EPS supplier across the U.S. and Northern Mexico.
ACH Foam Technologies, LLC was created by merging Advance Foam Plastics
[AFP], Contour Products [CPI], and Heartland EPS [HEPS]. The merger will
expand growth opportunities in the Construction, OEM, and Packaging
Product markets. The collective knowledge and expertise of ACH Foam
Technologies, LLC in marketing and manufacturing will be beneficial to
all of the new enterprise’s regional locations, while the financial
strength and intellectual property of ACH will effectuate innovation in
manufacturing processes and market development.
AFP, CPI, and
HEPS have a combined business experience in the EPS industry of over 100
years and the organizations have had business and personal
relationships for over 35 years. This merger will bring together over
400 experienced personnel.
The combined companies produce a full
line of block and shape molded EPS products for the Construction,
Packaging and O.E.M markets. Many products are manufactured under the
R-Control® brand name.
The primary objective of the merger is
growth! The new company believes it can leverage the knowledge and
expertise of its well-respected industry personnel to serve a wider
geographical area with existing products and services, and to expand the
operations to become a nationwide network.
The three companies
have had affiliations throughout the years and are currently partners in
the AFM Corporation, an international marketing organization. All the
owners of the pre merger corporation will serve as shareholders in ACH
Foam Technologies, LLC. The headquarters will be located in Denver,
Colorado.
Mr. John Huempfner President of Heartland EPS stated
“I am excited about our new partners and the opportunities available
from merging three successful companies that share similar business
philosophies. The valuable knowledge and experience in the combined
resources permits growth while maintaining high standards to meet and
exceed our customer’s expectations. I look forward to the future with
tremendous enthusiasm.”
Mr. Rich Waller President of Advance Foam
Plastics stated: "Richard, John and I started working toward this
nearly three years ago. Over the many years that we have worked and
played together through our other mutual business relationships, we have
developed a tremendous respect for each other's organizations. The
concept of merging these three companies to form the platform for future
growth became an obvious business strategy that we all realized had
tremendous potential.
Mr. Richard Nickloy President of Contour
Products Inc. stated “I have had the good fortune of being a part of
many industry building efforts in my career and this clearly is a
defining event. I have never seen a blending of so many talented and
experienced people who know the business, the opportunities that exist
and how to work together to meet the needs of our customers and the
market place. This is truly an exciting time!”
The merger was
effective June 30, 2005.
ACH Foam Technologies, LLC will operate
manufacturing facilities in the following cities: Fond du Lac, Wisconsin
– Washington, Iowa- Waukegan, Illinois- Kansas City, Kansas – Newton,
Kansas- Denver, Colorado – Murray, Utah - Sparks, Nevada – Azusa, CA-
Tijuana, Mexico
