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Mission
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History
- Sapona Plastics, LLC Sapona Plastics began by purchasing the assets of Asheboro Precision Plastics which entered chapter 7 bankruptcy on April 16th, 2004. The building and lip balm equipment were leased to Asheboro Precision by the Lail family company, JBDJ, LLC. The Lail's created L&L Plastics to form the new Sapona Plastics along with Sapona Manufacturing. At that time, Dean Lail was president of Sapona Manufacturing. In late 2004, Sapona Plastics acquired the bucket line from Fi-Shock Inc.. In 2006, Whit Corporation was acquired, bringing additional capabilities in brush making and an entire line of proprietary and custom brush products. The principle partner of Whit also joined the Sapona team. In 2007, Polymer Concepts was acquired further enhancing the diversity of products and processes. In 2008, Sapona acquired the assets of Premier Molded Plastics of Leland, NC, nearly doubling the size of the company. Jack Lail, CEO, was founder of Mid-State Plastics in Seagrove, NC in 1971. The company grew at an average annual rate of 20% until it was sold in 1994 to Anchor Advanced Products. In 1997, Mr. Lail retired after completing a three year management transition contract with Anchor. Shortly thereafter the rest of the family members left the company and Anchor Advanced Products sold to Moll Industries. In 1998, Dean Lail, joined Sapona Manufacturing, a synthetic yarn maker, as Director of Engineering and soon assumed the president role Through strategic planning, the company set a direction to diversify outside of textiles into a service industry, immune from foreign competition, with good profitability and growth prospects. After several initial investments in mechanical systems maintenance and mobile pet wash services, the opportunity to enter the injection molding and assembly business presented itself in 2004. |
Quality Yarn Since 1836
Mid-State Plastics
L&L Plastics (L&L Plastics has been consolidatd with JBDJ, LLC) |
Copyright 2009 Sapona Plastics, LLC
