Innoplast Inc., a bollard cover and traffic safety products manufacturer, announces the acquisition of American Sign Products (ASP) and its associated brand, American Reflective Products. Innoplast is a portfolio company of ScaleCo Management LLC and this transaction supports the investment thesis to grow Innoplast organically and to make strategic investments in the traffic safety industry.
“The purchase of American Sign Products aligns well with Innoplast’s strategy of acquiring profitable, scalable distribution companies in the traffic safety market,” says Innoplast CEO Craig McConnell. “We are excited to have the employees of American Sign Products as part of our team.”
Lon Lanzendorfer and Bernie Ruhaak co-founded ASP over 30 years ago in Macedonia, Ohio. ASP’s products are used on emergency vehicles, road and airport signage, rail cars, and other applications. Some of ASP’s service offerings include slitting, laminating, pre-masking, and sheeting.
“All of us are excited to work with ScaleCo and Innoplast. We look forward to continuing to be an advocate for our customers as we have for over 33 years,” adds Lon Lanzendorfer, co-founder of American Sign Products. “Finding ways to lower costs, the development of new cost-effective constructions, and/or the reduction of EOQ’s all to benefit our customers’ bottom line. It’s obvious that all of us believe, ‘The customer is our most important asset.'”