Injection molder Tulip Richardson sold to Stryten Energy
Battery maker Stryten Energy LLC has purchased one of its suppliers, injection molder Tulip Richardson Manufacturing (TRM) of Milwaukee.
TRM makes products for the automotive, industrial lead-acid battery and consumer markets. It also reprocesses polypropylene and manufactures high density polyethylene recycling receptacles and crates for carrying dairy and water bottles. TRM was formed in March 2019 when Richardson Molding LLC and Tulip Molded Plastics Corp. merged.
Stryten will provide TRM with the "operational expertise and strong financial backing needed to accelerate the expansion of production capacity across our manufacturing footprint," TRM CEO Craig Kellogg said in a Dec. 7 news release.
TRM has three ISO-certified operating divisions: injection molding, engineered resin and cold form lead. The company employs more than 500 at four plants, in Milwaukee; Niagara Falls and Buffalo, N.Y.; and Columbus, Ind. The plants operate more than 135 injection molding machines, with clamping forces of 10 tons to 1,500 tons.
The facilities will operate under the Stryten Energy name.
Stryten, based in Alpharetta, Ga., makes lead and lithium batteries and intelligent chargers, and provides cloud-based software. Stryten CEO Tim Vargo said in the news release that Stryten will continue to supply TRM's customers and plans to expand output and maximize production.