InTech Industries boosts additive manufacturing business

By Rhoda Miel
News Editor

Published: September 25, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Injection Molding, Design, Molds/Tooling

RAMSEY, MINN. (Sept. 25, 1:10 p.m. ET) — InTech Industries Inc. has acquired the rapid prototyping division of Vista Technologies LLC in a move that will allow InTech to build its business in additive manufacturing, while VistaTek focuses on expanding its mold making and injection molding operations.

Six employees will move with VistaTek’s equipment and business from Vadnais Heights, Minn., to InTech in nearby Ramsey, Minn, the companies announced Sept. 24.

VistaTek’s rapid prototyping group had five Objet 3D printers and one Stratasys 3D printer. Those units will joint 14 3D printers already in operation at InTech’s manufacturing center in Ramsey.

The acquisition – for an undisclosed price – will boost InTech’s capabilities with Objet materials, allowing the company to offer additive manufacturing using more than 100 materials.

VistaTek, meanwhile, will be able to focus on tooling and injection molding, an area that had seen business quadruple in recent years, said Managing Director Dan Mishek in a telephone interview.

The company has 25 employees in tooling and molding now, and Mishek said it expects to double that number within two to three years. It will immediately begin investing in new equipment including additional CNC equipment, and hire additional mold designers and other specialists to keep up with increasing business.

VistaTek retains close ties to rapid prototyping, including skills developed for quick delivery of prototype tools and bridge tools in addition to standard production tools, Mishek said. Its injection molding unit has low volume, high volume and assembly operations.


Comments

InTech Industries boosts additive manufacturing business

By Rhoda Miel
News Editor

Published: September 25, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Uni Cap to build cap molding plant in Jordan

November 25, 2014 12:57 pm ET

The Persian Gulf's largest molder of caps and closures is investing $10 million in a new factory near Amman, Jordan, as part of an effort to boost...    More

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew...    More

Image

Onex buying packaging group SIG Combibloc

November 24, 2014 9:05 am ET

ex Corp. will buy SIG Combibloc Group, the Switzerland-based manufacturer of aseptic carton packaging and plastics closures from New Zealand's Rank Gr...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events