ALEXANDRIA, MN — Alexandria Industries announced the acquisition of Alexandria Plastics, Inc. of Wheaton, MN, a manufacturer of plastic injection and foam molded components. Team members of Alexandria Plastics will officially join Alexandria Industries, a high quality, short-lead-time producer of engineered products.
Alexandria Industries has offered customers the capabilities of Alexandria Plastics since 2006, the year the two organizations formed a strategic alliance. This acquisition assures customers can continue to expect consistent, high-quality plastic injection and foam components for years to come.
“We have relied on the supply of Alexandria Plastics’ products for 12 years,” said Tom Schabel, CEO, Alexandria Industries. “I am excited to see our two organizations coming together to serve the common goal of satisfying our customers’ diverse needs. It also excites me to provide new opportunities for these employees personal and professional growth, along with valuable benefits, such as access to our free health care clinic.”
Joe Schabel, president and co-owner, along with Steve Schabel, co-owner, originally formed Alexandria Plastics, by purchasing Wheaton Plastics, Inc., and bringing in equipment assets from Great Plains Plastic Molding in Fargo, ND. Alexandria Plastics has grown 350 percent in the last 12 years.
“I am confident that this acquisition will assist Alexandria Industries in reaching their strategic vision. It feels good to provide this opportunity to our Alexandria Plastics’ employees,” said Joe Schabel, president, Alexandria Plastics. “They now have access to all the advantages a larger company has available to offer its employees.