Diversified Plastics adds new injection molding equipment

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New 610 hydraulic press

Minneapolis, MN — September 7, 2012 — Diversified Plastics, Inc. has announced the purchase and installation of a Toshiba ISGS 610W horizontal hydraulic injection molding equipment. Rated at 610 U.S. tons, the new press will give Diversified Plastics the ability to mold larger, high performance plastic parts for industrial markets including the filtration, battery and aerospace industries.

“Due to ongoing strong demand for larger, high-precision parts, we continue to invest inadvanced equipment to expand our range,” said Mark Gremmels, operations manager for Diversified Plastics. “This new press will further enhance our flexibility to respond quickly and efficiently to our customers’ needs. It not only gives us the capability to produce larger parts, but it can run some of the existing molds from our smaller presses, providing more overall production capacity. The delivery of this newest press brings our total number of molding machines to 16, with a range of 50 to 610 tons.”

About Diversified Plastics, Inc.

Diversified Plastics is a custom injection molder of high-precision, close tolerance, small- to medium-sized injection molded components for medical device, filtration, aerospace and a variety of other industrial markets. The 35-year-old company is a full-service injection molder, from design assistance and mold construction, to intricate molding and

Diversified Plastics featured on community television show, NWCT Channel 12

Minneapolis, MINN — August 27, 2012 — Northwest Community Television NWCT Channel 12, produced a featured a story on its Business Matters show about Diversified Plastics’ growth and facilities expansion.

To read the article or to watch the 2.29 minute story, click here.

Diversified Plastics announces expansion of manufacturing facility

Minneapolis, MN — July 31, 2012–Diversified Plastics, Inc. has announced plans to expand its manufacturing location in Brooklyn Park, Minn. The additional 10,000 square feet will bring their total facility size to approximately 53,000 square feet.

“Our business has been growing, specifically in medical device components, and our facility expansion plans are key to meeting customer demand,” said Annette Lund, Diversified Plastics vice president. “This expansion gives us new white room space for recently purchased plastic injection molding equipment, more room for our assembly operations and additional space for quality control, tooling and our customers’ Kanban inventory.”

The company will completely occupy the new space within six months. “Several of our departments are busting at the seams right now, so we are redesigning our layout to improve overall workflow and make the best use of our new space,” explained Lund. “We are excited about this expansion; it allows us to efficiently and effectively satisfy customer needs and to accommodate future growth.”

About Diversified Plastics, Inc.

Diversified Plastics is a custom injection molder of high-precision, close tolerance, small- to medium-sized injection molded components for medical device, filtration, aerospace and a variety of other industrial markets. The 35-year-old company is a full-service injection molder, from design assistance and mold construction, to intricate molding and clean room assembly. Diversified Plastics is ISO 9001:2008 and 13485:2003 certified, and UL registered.

 

Diversified Plastics wins 2012 Wellness by Design Worksite award

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Elaine Hauglund, Roger Vang and Janel Rosine with 2012 Worksite Silver Award for Wellness by Design

Minneapolis, MN — June 28, 2012–For the second year in a row Diversified Plastics, Inc. has received the Worksite Silver Award for the 2012 Hennepin County Wellness by Design competition. The Hennepin County Human Services and Public Health Department presents this award annually to schools and workplaces that excel in creating a healthy working environment and encouraging healthy lifestyles. This is the fourth year Diversified Plastics has won a Wellness by Design Award, with the first two years being bronze awards. This year’s awards ceremony took place on June 21, at the Earle Brown Heritage Center in Brooklyn Center, Minn.

The Wellness by Design competition recognizes employers who made their employee’s health a priority and acknowledged the creativity and effectiveness they put into their wellness policies and programs. Diversified Plastics completed a variety of activities in each category that contributed to their wellness effort during 2011. The awards are presented in four levels to Hennepin County worksites that demonstrate accomplishments in: Management support, wellness infrastructure, assessment and evaluation, supportive environments, communication and engagement, and programs and interventions.

“We had an assortment of programs and initiatives that helped us win the silver-level award,” said Roger Vang, chief financial officer at Diversified Plastics. “We had activities such as our Biggest Loser Team Challenge and the Hennepin County Step to It Challenge. In the Step to It Challenge, our employees walked an equivalent of more than 8,000 miles, doubling our distance from the previous year’s challenge.”

The company’s wellness committee, Janel Rosine, Elaine Haglund and Vang, organized and coordinated events, helped individuals struggling with their own programs and ensured activities were fun. “We published a monthly wellness newsletter that went in everyone’s paycheck and we worked with the company to continually add equipment to our exercise room,” said Vang.

In 2011, more than 60 percent of Diversified Plastics employees participated in wellness program activities and this year the company expects 70 percent employee participation, which will qualify for the 2013 Wellness by Design Competition.

The wellness program activities not only provide health benefits for employees, but fiscal benefits for the company. Vang points out that because of this program, Diversified Plastics had been able to keep insurance premiums flat for the past five years—avoiding annual increases experienced by other companies. When compared to the previous five-year period, Vang calculates the company has saved more than $100,000 in insurance premiums.

About Diversified Plastics, Inc.

Diversified Plastics is a custom injection molder of high-precision, close tolerance, small- to medium-sized injection molded components for medical device, filtration, aerospace and a variety of other industrial markets. The 35-year-old company is a full-service injection molder, from design assistance and mold construction, to intricate molding and clean room assembly. Diversified Plastics is ISO 9001:2008 and 13485:2003 certified, and UL registered.

 

Diversified Plastics featured in industry magazine, Plastics News

Minneapolis, MINN–May 7, 2012–Diversified Plastics was featured in industry magazine, Plastics News regarding the company’s role in providing high-performance plastic parts for NASA’s Juno probe heading to Jupiter.

Download a PDF of the article here: 2012-Diversified-Plastics-Featured-in-Plastics-News.

Diversified Plastics’ components aboard NASA’s Juno Spacecraft to Jupiter

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NASA’s Juno Space Probe & Jupiter (Artist’s Rendering)

Minneapolis, MN–April 4, 2012–Plastic-molded components produced by Diversified Plastics, Inc. are currently speeding through space towards Jupiter aboard NASA’s Juno Space Probe. The craft was launched August 5, 2011 and is expected to begin orbiting the planet in early July, 2016.

The plastic components are part of the JADE (Jovian Auroral Distributions Experiment) device. The JADE sensors are designed to measure and identify electron and ion particles, along Jupiter’s magnetic fields, that create the planet’s jovian auroral displays. JADE was developed for the Juno mission by a nationally recognized, independent research and development laboratory. JADE is one of 29 instruments aboard the Juno spacecraft.

“We were approached to produce the plastic components because of our expertise with highperformance thermoplastics and our willingness to produce high-precision, small-quantity parts,” said Annette Lund, vice president, Diversified Plastics. “The customer’s specifications included using polyether ether ketone (PEEK) and we have experience molding this thermoplastic material for our medical device customers. Additionally, we’ve had prior aerospace experience molding plastic components made of Torlon® for NASA’s Space Shuttle program.”

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JADE device sensors by Diversified Plastics

PEEK is used for very demanding applications and in harsh environments. This high-performance material provides very good dimensional stability, high strength, low weight, excellent resistance to high-energy radiation and can withstand the extreme variations in temperature found in space travel. PEEK is an expensive material and is difficult to mold, requiring to be heated to very high temperatures during the molding process.

Diversified Plastics produced two, short-run orders — one for testing and one for final production components. “Production for the JADE device was unique,” said Lund. “We made three different components, with two of them using metal inserts. One part required molding PEEK around an aluminum ring and the second part needed multiple aluminum inserts machined first, then pressfit into the molded plastic. We were able to perform all the operations in house, saving our customer time and money.”

About Diversified Plastics, Inc.

Diversified Plastics is a custom injection molder of high-precision, close tolerance, small- to medium-sized injection molded components for medical device, filtration, aerospace and a variety of other industrial markets. The 35-year-old company is a full-service injection molder, from design assistance and mold construction, to intricate molding and clean room assembly. Diversified Plastics is ISO 9001:2008 and 13485:2003 certified, and UL registered.

Torlon® is a registered trademark of Solvay Advanced Polymers.

Diversified Plastics sold to its employees

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L-R: Annette Lund, James Dow, Roger Vang at 2011 ESOP signing

Minneapolis, MN–January 4, 2012– James Dow, founder, president and CEO of Diversified Plastics, Inc., has announced the sale of his company to his employees through an employee stock ownership plan (ESOP).

The employees took ownership on November 1, 2011, but Dow will remain as president. “The changeover has been smooth,” said Annette Lund, vice president. “We’re in the middle of a five-year plan and are continuing to follow those long-term goals. It is very important to us to have a seamless transition and maintain continuity for our customers as well as our employees.”

Diversified Plastics is a custom plastic injection molder specializing in high-precision components for medical devices, filtration, aerospace, and a variety of other industries. Dow and William J. Cullen founded the company in 1977. Cullen, who was already retired, is no longer active in the company. Diversified Plastics started production with 13 employees, three injection molding machines, and renting 2,300 square feet of manufacturing space. Today, the company has grown to more than 50 employees with a facility of 45,000 square feet. In 1984, Design Tool & Engineering, Inc. was added as a wholly owned subsidiary of Diversified Plastics to build and maintain all the company’s molds.

“Knowing that someday I would eventually retire and have to sell the company, the most obvious direction would have been to sell to an outside organization,” said Dow. “But, I found that prospective buyers had no desire in continuing the company, their only interest was our customer list and equipment. That meant, in all probability, our employees would be out of work. Setting up the ESOP was meant to prevent that from happening. Our employees are like family to me and who better to lead the new company forward than the people who helped make it what it is today.”

Eight years ago when he began planning for his eventual retirement, Dow attended an ESOP seminar to learn more about the program and his options. Working with the company chief financial officer, Roger Vang, they started exploring the possibilities of an ESOP strategy, but determined the company wasn’t quite ready at that time. After a few more years of substantial growth, Dow revisited the ESOP idea and decided they were ready to move ahead in making Diversified Plastics an employee owned company.

To set up the ESOP and purchase the company from Dow, a trust, with company stock, was established in the name of the employees. “We automatically vested all the employees who were here at the start of our 2011 fiscal year,” said Vang. “Going forward, any new people will be vested like a typical 401K vesting schedule and base salary will determine the trust assets distribution schedule.”

About Diversified Plastics, Inc.

Diversified Plastics is a custom injection molder of high-precision, close tolerance, small- to medium-sized injection molded components for medical device, filtration, aerospace and a variety of other industrial markets. The 35-year-old company is a full-service injection molder, from design assistance and mold construction, to intricate molding and clean room assembly. Diversified Plastics is ISO 9001:2008 and 13485:2003 certified, and UL registered.

 

Effective plastics selection for medical devices requires teamwork

Minneapolis, MN–November 30, 2011–Teamwork is critical when making thermoplastic material decisions for medical devices. Diversified Plastics, Inc recommends that medical device manufacturers work closely with suppliers and injection molders when selecting plastic material during product development. By involving all parties early in the process, the original equipment manufacturer (OEM) can shorten the product development time Read more…

Diversified Plastics simplifies production outsourcing for OEMs

Minneapolis, MN–October 24, 2011–Diversified Plastics, Inc. simplifies the outsourcing of plastic injection molded parts for their customers by providing a complete production package. “We design and build the mold, injection mold the parts, assemble, package and ship,” says Joni Davis, sales engineer at Diversified Plastics. “Additionally, we will buy the hardware, the labels or whatever Read more…

Diversified Plasticsʼ value-added services save customers money

Minneapolis, MN–September 1, 2011–Diversified Plastics, Inc. helps their customers save time and money by providing a single source for plastic parts production, from design assistance and mold production, to injection molding and assembly. Typically, a company may need to use several vendors to accomplish what Diversified Plastics is able to offer in a single location. Read more…