Triad Group to add 100 jobs in Hartland; Denali expands in New Berlin; New York-based holding company buys Dickten Masch
Triad Group to add 100 jobs in Hartland
The Triad Group Inc., a manufacturer of over-the-counter pharmaceutical products, plans to consolidate its operations into Hartland by October, adding about 100 new jobs to its 300,000-square-foot Wisconsin plant.
By the end of the year, Triad will have nearly 350 employees, said Eric Haertle, chief operating officer with the company.
Last September, Triad acquired AccuMed Inc. and Q-Pharma LLC. Both companies were based in Lawrenceville, N.J. The two companies had about 250 employees. Haertle said a handful of those employees are moving to Hartland with the consolidation.
“This acquisition is very exciting for Triad, allowing us to expand into important health care categories, and we believe the products in the AccuMed line will greatly enhance and complement our private label program,” Haertle said. “This was a great opportunity for us. They had great formulas and great products. Our forte is the operations side. We have strong relationships and (our customers) come to us looking for new products.”
The Triad Group has three divisions: Triad Medical, Triad Pharmaceuticals and Triad Contract Manufacturing. All three divisions specialize in manufacturing and packaging antiseptic and sanitary products for medical customers, as well as over-the-counter products sold at pharmacy chains.
Denali expands in New Berlin
Denali Ingredients LLC is expanding its line of ice cream ingredient offerings to include brownie bits, cookie dough pieces, cheesecake pieces and other products.
Denali invested more than $3.5 million to develop the necessary production equipment used in making its new extruded products. The investment came in addition to a $2 million expansion last summer that increased the company’s raw ingredients storage capabilities by 80 percent and included construction of a state-of-the-art pilot lab.
The company’s total investment in the New Berlin facility during the past 12 months exceeded $5 million, and an estimated 12 new jobs were also created.
The 110,000-square-foot Denali Ingredients facility produces more than 40 million pounds of ice cream and dairy ingredients each year.
“Denali Ingredients has always stood for fair pricing, consistent quality and unparalleled order fulfillment,” said Neal Glaeser, president of Denali Ingredients. “The extruded dough products add another product technology in which we can apply these same principles to better meet the growing interest in decadent and unusual ice cream flavor combinations.”
Glaeser expects the company’s extrusion line to expand quickly: “It’s a whole new ingredients world for us, and we’re going to have fun with it. I imagine our talented R&D group will develop some really unique extruded products in the near future.”
New York-based holding company buys Dickten Masch
Nashotah-based Dickten Masch Plastics, a thermoplastic and thermoset molder, has been acquired by Patmian LLC, a new holding company based in New York. No terms of the acquisition were disclosed.
Dickten Masch Plastics was previously owned by The Everett Smith Group, a Milwaukee-based investment company.
“The Patmian Group is committed to the success of its businesses and to supporting the key initiatives that are critical to Dickten Masch’s ongoing success,” said Steve Dyer, president and CEO of Dickten Masch. “We have the privilege of serving leading companies in a broad range of industries and most recently became a tier one automotive supplier. The Patmian Group has a vision of what it takes to build a world-class manufacturing organization that delivers unprecedented value to its customers. We are confident that with their support, we can build on our momentum to take DMP to the next level.”
The Patmian Group’s principal and founder, who wishes to remain anonymous, has roots in plastics manufacturing, Dyer said. The holding company is not planning any significant changes to the Nashotah company, he said.
“One of the great things with this is the seamless integration that is going forward for both our employees and our customers,” Dyer said. “(Patmian) invested in us because of the momentum we’ve had recently and because of what (they) consider to be a world class management team in place and the marquee customers we currently serve. (Patmian is) looking to use (Dickten Masch) as a foundation to build something larger than we are today.”
Dickten Masch Plastics has two manufacturing facilities in Nashotah, and a third plant in Ankeny, Iowa. The company employs about 300 employees now, and that number will increase by at least 50 this summer when it integrates employees from the dipstick and tube line of business it is acquiring from Milwaukee’s Charter Automotive.