Manufacturer divests workstation line
A manufacturer has sold off its line of height-adjustable workstations and machine bases — as part of its strategy to focus on processes and products that improve the way plastic products are made by its customers.
Zeeland-based Extol said last month it sold its ErgoStation line to Precise Mold & Plate in Columbus, Indiana.
Grand Rapids- based Calder Capital served as the exclusive M&A representative of Extol.
Terms of the deal were not disclosed.
Extol designs and makes both custom and pre-engineered plastics-joining equipment. Its products include infrared staking and welding technologies, along with servo driven hot-plate-welding machines and spin-welding machines.
The company said it develops better methods of welding and assembling plastic components for its clients, which include automotive, life science and consumer product companies.
Extol said it will continue purchasing ErgoStation products from Precise to meet its internal manufacturing needs.
Randy Antaya, CEO of Extol, said the company is “excited to pass the baton” to Precise, especially after learning the company serves many of the same customers as Extol.
He said Precise will expand ErgoStation’s “footprint with U.S. manufacturers.”
Don Dumoulin, CEO and owner of Precise Mold & Plate, said its customers routinely ask about building custom workstations and machine bases.
“Now we can respond with an enthusiastic yes,” he said.
He said the ErgoStation line is “well positioned for the resurgence in U.S. manufacturing.”
ErgoStation workstations and machine bases feature a 12” vertical range to provide “optimal ergonomic safety.” Both use a welded-steel frame, which incorporates an integrated bearing system to eliminate both table flexing and side-to-side frame movement.
The products have been used in U.S. manufacturing environments for more than 20 years.