SAVE THE DATE FOR THE 15TH ANNUAL NICOLET WALK / RUN

Save the date for Nicolet Plastics Annual Walk / Run on June 16, 2018.

The 15th Annual Nicolet Walk/Run is almost upon us! Have you started your training yet?

This year’s event will be held on Saturday, June 16th, 2018 beginning at 9:00 AM and will circle the scenic 4.37 mile route around beautiful Maiden Lake.

Sponsored by Nicolet Plastics, LLC. and the Pirates of the Northwood’s Parrot Head Club, the event has raised over $77,400 benefitting area emergency response departments since 2003.

Registration:

In Wisconsin, approximately 75% of emergency service workers are volunteers that are trained to help individuals in the event of a severe medical occurrence, car accident, and other life-threatening situation. These brave men and women put their own lives at risk each day to help others in need. As a special reward for these hardworking emergency professionals, proceeds from the Nicolet Run / Walk will be contributed to area emergency response departments to purchase life-saving equipment and training supplies.

The event site is located 80 miles northwest of Green Bay, or 40 miles east of Antigo and west of Marinette. Travel and hotel accommodations can be made through the Lakewood Area Chamber Website.

Organizations or individuals interested in event sponsorship should contact  Lee Ann Anderson at (715) 276-4269 or email leeann.anderson@nicoletplastics.com.

Nicolet Plastics Acquired by True Venture Composites LLC

This post was originally published by Plastics News on March 9, 2017 and written by Dan Loepp

Nicolet Plastics sold; new owner to seek additional acquisitions

Screen Shot 2017-03-10 at 11.18.32 AMWhen Bob Macintosh started to plan an exit strategy from Nicolet Plastics Inc. six years ago, he wanted to leave the company in the hands of a stable buyer.

The custom injection molder’s location, in the Wisconsin North Woods, was a complicating factor.

“My end goal was to create stability for this plant and this area. This is a community of 700 people. If something happened that affected the jobs of the 82 people who work here, that would be devastating to this area,” Macintosh said.

After a long search, Macintosh thinks he found the right buyer. On Feb. 28 he signed a deal to sell Nicolet to True Venture Composites LLC, an affiliate of family-owned Badger Mining Corp. of Berlin, Wis.

Terms of the deal were not disclosed.

Badger Mining was looking to diversify outside its core business of mining and processing sand and other aggregates for industrial applications like hydraulic fracturing. It settled on plastics as an industry of interest, and contacted Macintosh about Nicolet.

Nicolet may be small, but it has a reputation in plastics and manufacturing circles. The company was twice a finalist for Plastics News Processor of the Year, and in 2013 it won a Frost & Sullivan Manufacturing Leadership 100 award.

Macintosh had talked to other potential buyers, including plastics processors and private equity investors. But he was having trouble finding the right fit. A key was protecting the workforce.

True Venture understood his priorities, so Macintosh expects very few changes. True Venture bought both the business and the plant, in tiny Lakewood, Wis., in the Chequamegon-Nicolet National Forest. All the employees and the management team are staying.

John Ogorek, the chief financial officer, is adding CEO to his title, but Macintosh said that transition started about a year ago.

The biggest changes: a new name, Nicolet Plastics LLC, and a new role for Macintosh. He’ll be working with the new owners to find more investment opportunities in the plastics industry.

“Businesses either grow or die. We are definitely growing,” he said. “I’ll be working with them the next two years, making sure this business grows and survives, and looking for other opportunities.”

Macintosh said Nicolet needs more molding capacity. But as he approaches age 70 he didn’t want to go back into debt to make that happen. Plus, because of the scarcity of new workers in the North Woods, expanding at Nicolet would be difficult.

Now he’s looking to buy companies with capacity to take on more work, and that have complementary values to Nicolet and Badger.

Nicolet has 82 employees and 19 presses, ranging from 40 to 610 tons of clamping force. It generated $14 million in sales last year, Macintosh said.

Nicolet is known for making the most of complexity — molding small lots, with numerous tool changes — using a philosophy called Quick Response Manufacturing, which they learned from Rajan Suri at the University of Wisconsin. The company specializes in low- to moderate-volume projects, and highly complex custom parts.

The company celebrated its 30th anniversary last year. Macintosh and three partners started the company in 1985 and incorporated in 1986. They started with an investment of $1,200 — $300 from each partner — molding in a small garage with a leased Newbury press.

Over time, Macintosh bought out the other three partners, the last one in 2008.

Nicolet Wins Processor of the Year Award for Customer Relations

At the annual Plastics News Processor of the Year Awards, Nicolet Plastics won the annual award for Customer Relations.

This award was announced the news at an evening banquet Feb. 17 during Plastics News’ Executive Forum in Naples. The Processor of the Year Award is celebrating its 20th anniversary this year.

To see a video highlighting Nicolet Plastics, click on the video link below:





A Manufacturer's Guide To Plastic Injection Molding




Nicolet Plastics Finalist for Processor of the Year for the second year in a row

Processor of the Year Finalist

Nicolet Plastics, Inc. is a finalist for the Plastics News Processor of the Year for 2015. This is the second year in a row that Nicolet has received this distinction.

In 2014, Nicolet received the Processor of the Year Award for Employee Relations.

Congratulations to everyone at Nicolet Plastics !

IQMS Case Study: Nicolet Plastics’ Strategy to Manufacture Time

Nicolet Plastics - Plastic Injection MoldingIf someone gave you a week of time, what would you do with it? A whole seven days is exactly what Nicolet Plastics, Inc. is delivering its customers with its innovative Quick Response Manufacturing (QRM) program. Through an enterprise-wide initiative that relentlessly emphasizes lead time reduction, Nicolet Plastics is revolutionizing time-based competition and make-to-order strategies to ensure manufacturing excellence (With impressive results – 2012 will be the best year in Nicolet Plastics’ history, both in terms of revenue and earnings).

Nicolet Plastics credits a large portion of its QRM success to the flexibility, depth, user-defined fields and forms, process and workflow design and database integrity of its manufacturing ERP and MES system, EnterpriseIQ from IQMS. Without it, the QRM strategy would be very difficult to deploy on a day-to-day basis. Please click here to read the case study in its entirety and learn more about Nicolet Plastics’ innovative quick response manufacturing initiative and the results its customers are experiencing.

http://info.iqms.com/IQMS-Manufacturing-erp-expertise/bid/88141/IQMS-Case-Study-Nicolet-Plastics-Strategy-to-Manufacture-Time

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