When Tide Rock Holdings obtained Plastic Molding Technological know-how in January of this year, the transaction could be noticed as the linchpin of a plastics producing portfolio the non-public fairness organization was assembling. It experienced beforehand acquired in rapid succession Plastics Style and design & Production, Pikes Peak Plastics, and Altratek Plastics, all centered in Colorado. At the co-located Plastec West and Health care Design & Production (MD&M) West party in Anaheim, CA, this week, the strategic re-branding of the four plastics businesses into “one cohesive company” was cemented beneath the Plastic Molding Engineering banner. “The new Plastic Molding Engineering unites many areas beneath one brand name, developing a powerhouse remedies service provider for our shoppers,” claimed Group CEO Michael Engler in a prepared assertion.
Whilst the new company retains the legacy name Plastic Molding Engineering (PMT), which is dependent in El Paso, TX, it brings a broad established of abilities into a slender focus. PMT mentioned that it now provides verified engineering expertise for mistake-totally free, mission-critical desires throughout 3 core capabilities — injection molding, thermoforming, and extrusion.
“Upon acquisition of the 4 companies, we immediately infused added capital to develop infrastructure, implement much more automation, and install new electric molding devices to boost ability,” Engler reported.
In the two many years prior to the acquisition, PMT also experienced made considerable investments in its organization, which include the addition of 10 new injection molding machines in 2021 and a 39,000-sq.-foot enlargement in 2020. In 2019, it built a million-dollar expense in new vertical and horizontal presses.
The re-branded PMT now gives 250,000 square feet of molding, forming, and tooling space throughout its 4 centers of excellence. The organization specializes in plastic insert molding, overmolding, and two-shot molding with engineering-quality products, and is equipped with 100 horizontal and vertical molding equipment ranging from 20 to 500 tons. PMT also provides hefty-gauge thermoforming, tension forming, and vacuum forming, alongside with 6 traces for tailor made profile extrusion. The business leverages in-household resource making to cut direct occasions for consumers, and supplies turnkey secondary operations, such as painting, decorating, and assembly.
Core close markets incorporate the healthcare, telecommunications, aerospace and defense, renewable strength, electronics, and automotive and transportation sectors.
PMT is exhibiting in booth 2087. The co-located Plastec West and Health-related Design and style & Manufacturing (MD&M) West trade display and conference is component of Informa Marketplaces – Engineering (IME) West, which also contains WestPack, automation present ATX, and Style and design & Production (D&M). The event runs from April 12 to 14 at the Anaheim Convention Center in Anaheim, CA.