Southern Plastic Mold Inc

Hoping that increased size will help it thrive in a competitive market, Southern Plastic Mold Inc. of Anaheim is merging with Bace Plastics Group Inc., a Denver-based competitor, in a stock transaction. In the deal, the private companies will merge their balance sheets and top management. Southern Plastic Mold executives will own 50% to 60% in the combined company and the rest will be held by Bace executives.

Remember how you ironed colorful transfers onto T-shirts when you were young? If so, you can understand how Southern Plastic Mold Inc. is using the familiar concept to improve the manufacturing process in which decorative colors are heat-transferred onto plastic products.

Hoping that increased size will help it thrive in a competitive market, Southern Plastic Mold Inc. of Anaheim is merging with Bace Plastics Group Inc., a Denver-based competitor, in a stock transaction. In the deal, the private companies will merge their balance sheets and top management. Southern Plastic Mold executives will own 50% to 60% in the combined company and the rest will be held by Bace executives.

The idea came to Rich Hagan with a bang. It was 1982 and Hagan was the owner of a two-man firm called Golden Gate Bottling Co., which refilled glass-and-metal seltzer bottles. "I had been filling a glass seltzer bottle when it blew up in my hands," said Hagan, now 37. "When they explode, they go off like a hand grenade. And I started thinking that there had to be a better way."

Remember how you ironed colorful transfers onto T-shirts when you were young? If so, you can understand how Southern Plastic Mold Inc. is using the familiar concept to improve the manufacturing process in which decorative colors are heat-transferred onto plastic products.