April 11, 2019: Richardson Molding and Tulip Molded Plastics Corporation, two plastic injection moulding firms that make equipment for the lead battery industry, have merged to become one firm —Tulip Richardson Manufacturing — the companies announced on March 29.
The two companies make injection moulding products for industrial lead batteries, and Tulip also makes lead terminals and reprocessed polypropylene.
The company’s manufacturing platform will now have four facilities in the US states of Indiana, Massachusetts, New York and Wisconsin — which, combined, operate more than 135 injection moulding presses ranging from 10 tonnes to 1,100 tonnes in size.
Owner Resource Group and Saugatuck Capital are the majority owners of the new merger and will continue to invest in the business, the company said, and it would focus on product development, operational excellence and increased service levels across the organization.
“Our current and new customers will both benefit from the expanded footprint and strengthened capabilities,” said Saugatuck managing partner Stuart Hawley.
“ORG looks forward to supporting the management team’s efforts to integrate the two businesses and realize the full potential of the combined organization,” said ORG managing director Brad Esson.
Tulip Corporation was incorporated in June 1977, when it comprised Automotive Battery Products and PHI, a hydraulic press manufacturer. It went through a variety of changes before Saugatuck bought its Milwaukee and Niagara Falls sites in 2012, and renamed it Tulip Molded Plastics Corporation.
Richardson Molding began in the paper business in 1858, when it produced roofing paper and shingles. Paper expertise led to battery cases, shingle expertise led to asphaltic battery containers, and now the firm makes eight million battery containers, cases and jars a year.