ResTech Plastic Molding buys TechAtlantic

By Frank Antosiewicz
Correspondent

Published: April 23, 2013 3:19 pm ET

Related to this story

Topics Mergers & Acquisitions, Injection Molding

HUDSON, MASS. — ResTech Plastic Molding Inc. is expanding its reach to Berlin, Conn., with the acquisition of custom molder TechAtlantic Inc.

The combined entity will operate under the ResTech Plastic Molding name in both locations. Terms were not released.

TechAtlantic has 22 employees and operates 22 injection molding machines in a 64,000 square foot facility. The presses range from 22-500 tons of clamping force. The company has toolmaking and design capabilities with a tool room and full tool maintenance ability.

TechAtlantic serves a diverse clientele, working with customers on fluid filtration systems, medical components, automotive, personal care and electronics. According to ResTech, the current management will stay with the company.

Hudston-based ResTech said in a statement that it acquired a company with solid reputation in quality and customer service, and that the deal is part of an overall strategy to expand manufacturing in the United States.

ResTech was established in 2010 when Plastic Molding Manufacturing acquired Res-Tech Corp. The combined entity supports original equipment manufacturers and emerging high-tech companies. It has molding and design capabilities, and operates a Class 8 clean room with six electric presses with clamping forces ranging from 40-110 tons.

Overall, ResTech operates 36 injection molding machines and that number will be boosted to 58 with the addition of TechAtlantic.


Comments

ResTech Plastic Molding buys TechAtlantic

By Frank Antosiewicz
Correspondent

Published: April 23, 2013 3:19 pm ET

Post Your Comments


Back to story


More stories

Image

African equity fund invests in Kenya's General Plastics

January 28, 2015 4:24 pm ET

An African investment fund specializing in agriculture has invested in Kenyan packaging firm General Plastics Ltd. to provide funds to expand in the...    More

M&A deals in packaging hit record

January 28, 2015 1:49 pm ET

It's good to be in packaging these days. More precisely, it's good to be in packaging and decide to sell or merge.    More

Image

Sika opens negotiations to acquire Axson Technologies

January 28, 2015 12:17 pm ET

Specialty chemicals maker Sika AG has entered into exclusive negotiations with Axson SAS management and shareholders to acquire its epoxy and...    More

Image

Piovan buys majority stake in Italy's Penta

January 28, 2015 12:04 pm ET

Italian auxiliary equipment company Piovan SpA has acquired a majority stake in the Italian materials handling company Penta srl, based in Poggio...    More

Image

A. Schulman, Citadel continue buying blitz

January 27, 2015 11:32 am ET

A. Schulman Inc. and Citadel Plastics Inc. — two deal-happy materials firms — were at it again in the second half of 2014.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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 Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

More Events