Holm Industries, Inc. was established in 1978 by Andrew Holm and three partners. Mr. Holm was an entrepreneur from Scottsburg, Indiana, who had a desire to produce custom plastic extrusions for the appliance and construction industries. Holm’s first customer was Maytag in Galesburg, Illinois.
Thompson Properties of Cincinnati, Ohio purchased Holm in 1982 and a new period of growth began. In 1984, the company expanded by building an additional 83,000 square feet of warehouse and office space. Another 51,800 square feet of manufacturing space was added in 1987. Its customer list grew to include General Electric, White Consolidated Industries (now known as Electrolux Home Products), Maytag, Amana, Sub-Zero, Stanley Door, Pease Door, Taylor Door, and Caradco Industries.
In 1989, The Standard Products Company purchased Holm and created Holm Industries, Inc., a subsidiary. The following year, Holm purchased Pantasote, Inc.’s Plastic/Magnetic Division, which included the following manufacturing locations: New Ulm, Minnesota; Hartselle, Alabama; San Diego, California; and Seymour, Indiana. With this merger, Holm became the largest manufacturer of appliance gaskets in the United States of America.
Holm then purchased Jarrow Products, a commercial refrigeration and freezer gasket maker, in 1992. Jarrow’s facilities were located in Chicago and in St. Charles, Illinois. About the same time, a facility was constructed in Scottsburg to house Holm’s Research and Development Center.
In 1994, Holm entered into a joint venture in three facilities in Mexico to manufacture gaskets for the appliance industry in Latin America. Mag Flex and Pepsa were located in Queretaro, and P.G.H. in Monterrey. Mag Flex manufacture magnetic strip which was sold to Holm’s other joint venture partners. Pepsa and P.G.H. manufacture refrigerator gaskets for GE’s Mexican affiliate, Mabe, and also for Whirlpool.
In 1996, a 61,000 square foot finished goods warehouse was built on Main Street in Scottsburg, and in 1998 a 41,000 square foot state-of-the-art blending facility was added to the warehouse.
The San Diego operation was moved to Tijuana, Mexico as a Maquiladora facility in 1997. Holm’s production area was located inside the facility of Sanyo, its largest customer.
Holm acquired OEM/Miller in August 1998. OEM/Miller’s facility is located in Aurora, Ohio, and manufactures corrugated flexible plastic tubing for the appliance and automotive industry. OEM/Miller is the market leader in drainage tubing for washing machines. Its customers include Whirlpool, General Electric, and Solvay, a supplier of automotive tubing.
In 1999, Standard Products was acquired by Cooper Tire and was renamed Cooper Standard.
Cooper Standard then sold Holm Industries, Inc. to Madison Capital in 2000.
In 2001, Madison Capital sponsored the merger of ILPEA and Holm Industries. ILPEA, based in Italy, is also a producer of thermoplastic seals. The result of the merger was a name change from Holm Industries to ILPEA Industries, Inc.
In 2003, ILPEA Industries purchased the Mexican operations from its joint venture partners and now operate in both Queretaro and Monterrey. Additionally, ILPEA entered into a joint venture in Ranjangaon, India, thus supplying refrigerator gaskets to Whirlpool, Daewoo, and General Electric.
ILPEA Industries purchased the assets of Atlantic Extrusions Utility Business in 2004. Corflo, a corrugated flexible plastic tubing company, was manufactured and sold by the OEM/Miller facility to AEC prior to the purchase of its assets. OEM/Miller continued manufacturing and began marketing Corflo products to the utility market. As part of the Atlantic purchase, the manufacture and marketing of Power Mold products and accessories was moved to the Scottsburg facility.
In 2009, ILPEA Industries signed an agreement to purchase the assets of the Sperry & Rice plastics business. Sperry has been a competitor of ILPEA Industries in both plastics and rubber. As well, ILPEA Industries signed an agreement to purchase the plastics business assets from CRC Rubber and Plastics (formerly Chardon Rubber Company). CRC has been a competitor of ILPEA Industries in both plastics and rubber. We were pleased to have been able to work out these purchase agreements regarding the plastics business. Most of the current production equipment and tooling from the CRC plant in Chardon, OH transferred to our plant in Aurora, OH. Our OEM Miller facility in Aurora is currently ISO/TS16949-2009 third edition certified and is very experienced in both white goods and automotive manufacturing requirements.
A commitment to profitable growth and manufacturing excellence has transformed the company into one of the premier suppliers of thermoplastic seals in the world.