Thermoformer CW Thomas buys local rival Analytic Plastics

Published: July 30, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Thermoforming

PHILADELPHIA (July 30, 3:55 p.m. ET) — CW Thomas Inc., a thermoformer based in Philadelphia, has acquired custom thermoformer Analytic Plastics Inc.

CW will move tools and some equipment from Analytic’s plant in nearby Bensalem, Pa., to its own 80,000-square-foot facility, and take over Analytic’s orders and inventory.

The two plants are located about 10 miles apart. Three of Analytic’s six employees will move to CW, said Bob Brennan, vice president of operations.

“It’s a very small company, but for us, it’s a nice little expansion,” he said by phone.

Brennan would not disclose terms of the deal.

The acquisition will allow CW to expand its customer base and offer Analytic’s products at a lower cost, he said.

Analytic vacuum forms parts, mainly for commercial customers, in contrast to CW who uses both vacuum and pressure forming to make specialized and technical parts, he said.

CW also offers in-house tooling, engineering and assembly. It largely serves the transportation, aerospace, industrial and medial markets.

CW is more focused on using the expansion to broaden its customer base rather than its product offerings, and plans to “use our technologies to get to a broader range of customers,” Brennan said.

CW, a privately owned company, does not disclose financial information. It currently has 45 employees.

Analytics reported sales of $1 million in 2012, according to the most recent Plastics News survey of North American thermoformers.


Comments

Thermoformer CW Thomas buys local rival Analytic Plastics

Published: July 30, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Ply Gem continues acquisition streak, buying Simonton for $130 million

August 20, 2014 2:33 pm ET

Building materials manufacturer Ply Gem Holdings Inc. will acquire Simonton Windows from Fortune Brands Home & Security in a $130 million deal that...    More

Image

Has the current M&A cycle peaked?

August 20, 2014 11:55 am ET

Plastics M&A veteran Thomas Blaige has called the peak of the current investment cycle.    More

Image

Faerch Plast doubling capacity in UK

August 20, 2014 9:42 am ET

R. Faerch Plast A/S, one of Europe’s leading producers of plastic containers for the food industry, is set to double production...    More

Image

Ohio molder sold to private equity firm

August 19, 2014 5:23 pm ET

Private equity firm TVV Capital of Nashville has acquired injection molder Design Molded Plastics Inc. for an undisclosed price.    More

Image

Pactiv selling building products unit to Ireland's Kingspan

August 19, 2014 3:54 pm ET

Irish building material manufacturer Kingspan Group plc is acquiring the insulation business of Lake Forest, Ill.-based Pactiv Building Products for $...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events