Innoplast, Inc., a bollard cover and traffic safety products manufacturer, has acquired American Sign Products 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," said Craig McConnell, CEO of Innoplast. "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. 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.