Plastics One

What Plastics One does

Plastics One Asset Advisors, LLC, founded in 1975 and headquartered in a 40,000 sq ft facility at 151 Ella Grasso Ave, Torrington, Connecticut, is a privately held industrial machinery distributor and asset advisory firm serving the North American plastics manufacturing industry with two integrated business lines. The first line is the distribution, sale, and servicing of new and used injection molding machinery, robots, and auxiliary equipment. Plastics One is the authorized U.S. distributor for CH America (Chen Hsong) JM Mark 6 series and SMTP two-platen servo drive injection molding machines (clamping forces from 97 to 7,165 US tons), and the authorized seller of Apex brand ST and YS series sprue pickers and SB and SC series servo traversing robots, supplemented by grinders, dryers, feeding and conveying systems, chillers, Delta T Systems temperature control units, and used equipment inventory. Pricing is quoted per unit with examples ranging from $4,500 for a sprue picker to $97,800 for a JM88 machine, with delivery, start-up, and warranty included on demo units. The second line is asset advisory: USPAP-compliant machinery and equipment appraisals conducted by ASA-certified appraisers, remarketing, and complete plant liquidations via on-site and live internet auctions. Plastics One is recognized as an approved appraisal provider by Wells Fargo, Bank of America, JPMorgan Chase, Fifth Third, Peoples United, and PNC for asset-based lending, workouts, M&A, and property tax matters. Revenue is generated through one-time machinery sales, recurring parts and service contracts, and professional services fees, channeled through a direct regional sales team, inside sales, and online used-equipment listings. The company is leadership by President Ken Heyse, ASA, Managing Partner Jim Schmitz (injection/blow molding), and Managing Partner Gary Anderson (extrusion and converting).

Name

Plastics One

Legal name

Plastics One Asset Advisors, LLC

Website

https://plasticsone.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Short description

Plastics One is a U.S. plastics industry machinery distributor and asset advisor, selling new CH America injection molding machines, Apex robots, and used equipment while providing USPAP-compliant ASA-certified appraisals, remarketing, and plant liquidation services to manufacturers and financial institutions.

Ownership category

akta.pro rank

Headquarters

HQ city

Torrington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. New Machinery Sales: Sale of new injection molding machines (CH America JM Series and SMTP Series) and auxiliary equipment including robots, grinders, dryers, conveyors, and chillers.
2. Used Machinery Sales: Sale of pre-owned plastics industry equipment including injection molding machines, robots, sprue pickers, grinders, dryers, conveyors, and process cooling equipment.
3. Asset Appraisal Services: Professional ASA certified machinery and equipment evaluations for asset based lending, mergers, acquisitions, work-out situations, and property tax issues. Provides collateral prequalification and acquisition prequalification services.
4. Remarketing & Plant Liquidations: Orderly liquidation of plastics industry assets including end of lease returns, complete plant liquidations via auction and private sale, and complicated technical sales transactions.
5. Parts & Service: Spare parts for injection molding machines and robots, robot service including training and preventative maintenance, equipment repair and rebuilding services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Plastics One distributes and services new and used industrial plastics manufacturing machinery, acting as the U.S. representative for CH America (Chen Hsong) injection molding machines and Apex brand robots and sprue pickers, complemented by auxiliary equipment such as grinders, dryers, conveyors, and chillers. The firm also provides USPAP-compliant ASA-certified machinery appraisals, asset remarketing, complete plant liquidations, spare parts, robot service, and equipment repair and rebuilding to plastics manufacturers, lenders, and private equity buyers.

Product overview

Plastics One is a machinery sales and asset advisory company serving the plastics industry since 1975. The company offers a portfolio of new and used injection molding machinery and robots distributed across two main product lines: CH America Injection Molding Machines (JM Series JetMaster MK6 and SMTP Series SM-TP Advanced Two Platen machines) and Apex Robots (ST Series and YS Series Sprue Pickers, SB Series and SC Series Servo Traversing Robots), complemented by auxiliary equipment (grinders, dryers, conveyors, chillers). The company also provides used machinery inventory and a comprehensive suite of asset management services including USPAP-compliant machinery and equipment appraisals, remarketing, plant liquidations, spare parts, robot service, and equipment repair and rebuilding.

Differentiator

Problem solved

Functional benefit

Products and services

• JM Series (JetMaster MK6) Injection Molding Machines CH America (Chen Hsong) JM Mark 6 Series injection molding machines with faster, more robust platen and toggle design, energy-saving Inovance servo pumps, B&R controller, CE Declaration, SPI standards compliance, and 2-year limited factory warranty, available in clamping forces from 97 to 1,323 US tons, targeted at plastics manufacturers in North America.
• SMTP Series (SM-TP Advanced) Two-Platen Injection Molding Machines CH America SMTP Two-Platen Advanced Series servo drive injection molding machines with revolutionary two-platen design, Beckhoff controller, eject-on-the-fly capability, and E67 robot interface, with clamping forces from 772 to 7,165 US tons and mix-and-match injection units, for large-scale plastics manufacturers.
• Apex ST Series Sprue Pickers Apex ST Series Sprue Pickers designed for quick cycle times with wrist rotation, telescoping vertical arm options, adjustable swing angles from 45° to 90°, and adapter plate included, with models ranging from ST450 to ST950D for plastics manufacturers.
• Apex YS Series Sprue Pickers Apex YS Series Sprue Pickers for quick cycle times with single-stage vertical arm, flexible controller, no-tools strip stroke adjustment, and versatile 4-suction cup EOAT, with models ranging from YS450 to YS850 for plastics manufacturers.
• Apex SB Series Servo Traversing Robots Apex SB Series Servo Traversing Robots with AC brushless servo drives, +/- 0.1mm accuracy, available in single-stage and telescoping designs with single and dual arm configurations, models SB800 through SB1400 series, with standard SPI/EUROMAP interface for injection molding machine connectivity, for plastics manufacturers.
• Apex SC Series CNC Servo Robots Apex SC Series CNC Robots with AC brushless servo drive on strip, vertical, and traverse strokes, fully programmable touch screen control, and standard vacuum/grip circuits, models SC1300 through SC3000D, for plastics manufacturers requiring higher-end automation.
• Plastics Auxiliary Equipment Plastics auxiliary equipment including robots, grinders, dryers, feeding and conveying systems, and chillers and process cooling equipment supporting injection molding operations, targeted at plastics manufacturers needing complete production line solutions.
• Used Plastics Machinery Pre-owned injection molding machines, robots and sprue pickers, grinders, dryers, feeding and conveying equipment, and chiller and process cooling equipment with regularly updated inventory, for plastics manufacturers seeking lower-cost capital equipment options.
• Machinery and Equipment Appraisals USPAP-compliant appraisals with ASA certified appraisers covering injection and blow molding, extrusion, compounding, rotational molding, and robotics equipment, supporting asset-based lending, mergers and acquisitions, workouts, and property tax issues, for financial institutions, lenders, and plastics industry business owners.
• Remarketing and Plant Liquidations Asset remarketing services and complete plant liquidation services including individual machine sales, on-site auctions, and live internet auctions, specialized in high-end extrusion, compounding lines, blown film, flexographic presses, and molds, for plastics industry business owners and financial institutions.
• Spare Parts Replacement parts for Apex robots and CH America injection molding machines with extensive parts inventory and direct factory relationship support, for plastics manufacturers maintaining installed equipment.
• Robot Service Experienced technician services including training, diagnosis, preventative maintenance, and support for injection molding robots, for plastics manufacturers running installed Apex and similar robot systems.
• Equipment Repair and Rebuilding Complete equipment rebuilding services including bearing and seal replacement, motor repairs, knife replacement, polymer cleaning, and rotor rebuilds, for plastics manufacturers extending the life of installed capital equipment.

Quantifiable outcome

• Over 155 complete plant liquidations and thousands of individual asset transactions completed
• +1 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• American Society of Appraisers (ASA)coreStrategic or Co-development PartnerPlastics One has ASA Accredited Senior Appraiser Ken Heyse on staff. The firm provides USPAP compliant machinery and equipment evaluations with ASA certified appraisers. Ken Heyse regularly speaks at ASA USA and International Valuation Conferences.
• Equipment Leasing and Finance Association (ELFA)coreStrategic or Co-development PartnerKen Heyse, President of Plastics One, is an active guest speaker and contributing member to the ELFA Equipment Management Conference. This provides thought leadership and visibility in the equipment finance industry.
• Society of Plastics Engineers (SPE)minorStrategic or Co-development PartnerMultiple team members are contributing members of SPE, including Ken Heyse (member since 1990) and Jim Schmitz (contributing member CT Chapter). This provides industry networking and technical knowledge sharing.
• CH America (Chen Hsong)coreChannel Partner/ Reseller/ DistributorPlastics One is the US distributor for CH America injection molding machines including the JM Mark 6 Series and SMTP Two Platen Advanced Series machines. They stock multiple models for quick delivery.
• Apex RobotscoreChannel Partner/ Reseller/ DistributorPlastics One is an authorized seller of Apex brand robots including ST Series, YS Series, SB Series, and SC Series servo traversing robots and sprue pickers.
• Delta T SystemsminorChannel Partner/ Reseller/ DistributorPlastics One distributes Delta T Systems temperature control units including the Eco Series water temperature control system (3/4 to 3 HP Pump, 250°F fluid operating temperature).

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Plastic Process Equipment (PPE): PPE is a US distributor of new and used plastics processing equipment, molds, and auxiliary equipment serving plastics manufacturers. Comparable as a multi-line plastics machinery distributor with overlapping product categories and customer base.
• Aaron Equipment Company: Aaron Equipment is one of the largest US dealers of used process equipment, including plastics and packaging machinery, with active auction and appraisal arms. Closely comparable to Plastics One's used machinery sales and plant liquidation operations.
• Loeb Equipment & Appraisal Company: Loeb Equipment buys and sells used process equipment with a focus on appraisals and plant liquidations. Directly comparable to Plastics One's asset advisory and liquidation operations within the plastics manufacturing vertical.
• Stopol Inc. Stopol is a US-based plastics machinery dealer offering new and used injection molding machines, auxiliaries, and appraisal/liquidation services. Highly comparable as a direct competitor in plastics machinery distribution and used equipment remarketing.
• Federal Equipment Company: Federal Equipment is a US dealer of used process equipment including plastics manufacturing machinery, with appraisal and liquidation services. Directly comparable to Plastics One's used equipment and asset management business model and customer base.
• Perry Videx LLC: Perry Videx is a major US and international dealer of used processing equipment serving plastics, chemical, and pharmaceutical industries. Directly comparable as a competitor in used plastics machinery and related asset disposition services.

Broad incumbents

• Machinery Network: Machinery Network is a broader industrial machinery dealer handling multiple equipment categories including plastics. Less specialized than Plastics One but operates in an overlapping equipment dealer market with similar transaction-based model.
• Heritage Global Partners: Heritage Global Partners provides industrial asset valuation and auction services across multiple industries. Comparable for its plant liquidation and appraisal capabilities, though broader in scope than Plastics One's plastics focus.
• Hilco Industrial: Hilco Industrial provides industrial asset valuation, liquidation, and auction services across multiple sectors including plastics and packaging. Comparable to Plastics One's asset management arm, though with broader industry coverage and larger scale.
• Cincinnati Industrial Auctioneers: Cincinnati Industrial Auctioneers is a large US industrial auction and asset disposition firm with plastics machinery experience. Comparable to Plastics One's auction-based plant liquidation services, though operating across many industrial verticals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/plastics-one

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Plastics One