Innoplast Inc. (Cleveland), a bollard cover and traffic safety products manufacturer, has acquired American Sign Products (Macedonia, OH) and its associated brand, American Reflective Products. Financial terms of the deal were not disclosed.
In a news release, Innoplast CEO Craig McConnell said the deal aligns with the company’s strategy of “acquiring profitable, scalable distribution companies in the traffic safety market.”
American Sign Products was co-founded by Lon Lanzendorfer and Bernie Ruhaak more than 30 years ago. Its 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.
Innoplast is a portfolio company of ScaleCo, a Cleveland-based investment firm.
For more information, visit innoplast.com.
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