New injection molding firm formed from assets of RenWel

Goderich Plastics Inc. has purchased all of the assets of the former RenWel Inc., a custom manufacturer of high-speed injection molded consumer and medical products. Terms of the deal were not announced. According to Ralph Welsh, president of Goderich Plastics, the new company will focus on growing a custom molding business for the consumer and medical markets in both the U.S. and Canada.

“We have a good location, being close to the U.S., and an excellent labor pool to draw on in the Goderich (ON) area,” says Welsh.

The company presently has 20 employees including Dan Eden, vice-president of manufacturing and Mike Lang as vice-president of sales and marketing. Goderich Plastics has nine injection molding machines, as well as centralized materials handling, compressed air and chilling systems in a recently built 86,400 sq. ft. facility. The facility and adjacent land owned by the company can accommodate significant future expansion at the site. Welsh says the company is concentrating on consolidating and growing current business and is prepared to add new equipment and capacity as required.

One of the main parts of the company’s business strategy is to grow in the medical products market. Serving this market, says Welsh, requires tight-tolerance molding and maintaining best manufacturing practices throughout the entire organization.

“Our objective is to work with a small number of top-tier customers and become their manufacturing arm,” Welsh states.