Diversified Plastics, Inc. Celebrates 40 Years
Diversified Plastics, Inc., a custom injection molding company of high-precision components in Minneapolis, Minnesota, is celebrating its 40th anniversary. The parts manufactured by Diversified Plastics can be found in dental x-ray machines, lithium-ion batteries, Juno spacecraft instruments, medical devices, tournament-quality foosball tables and other products and equipment.
Founded in 1977, by James R. Dow and William J. Cullen, Diversified Plastics began with 13 employees and three machines, operating from a 2,500 sq. ft. facility. Today, it has a world-wide presence, state-of-the-art equipment and a 52,000 sq. ft. facility with over 75 employees. Seven of the original 13 employees continue to serve integral roles within the company.
In 2000, Diversified Plastics relocated to its current building. In recent years, it added an environmentally controlled assembly area and a 600 sq. ft. cleanroom. Additionally, in November 2011, the employees took ownership of the company through an employee stock ownership plan (ESOP).
"As we move into the future, we are planning for our next 15,000-square-foot facility expansion," said Annette Lund, vice president. "We are also exploring possible strategic acquisitions."
For more information about Diversified Plastics, Inc., visit www.divplast.com.