Mack Molding buys product development firm

By Gayle S. Putrich
Staff Reporter

Published: July 23, 2013 12:39 pm ET
Updated: July 23, 2013 1:57 pm ET

Image By: Mack Molding

Related to this story

Topics Medical Mergers & Acquisitions Injection Molding Design
Companies & Associations

Custom injection molder Mack Molding Co. is expanding its product development services with the July 22 acquisition of Milford, Conn.-based Synectic Engineering, Inc.

Financial details of the deal between the two privately held companies were not disclosed. All 18 of Synectic's employees will remain with the company and the now-wholly owned subsidiary will retain its name, Mack officials said.

Adam Lehman will be elevated from Synectic's vice president and COO to president, reporting directly to Jeff Somple, president of Mack Molding's Northern Operations.

Somple said the acquisition will help close the ever-present gap between product development and full production for both companies.

"It really fits into the front end of our value chain. What they're good at is the up front product development and realization process," Somple said.

"A gap exists today between the beginning of a product and getting it out the door in volume… while another company works to make a product work, the manufacturer ends up trying to work out production for it on the fly, with concurrent engineering. And it works out but you might end up with a high reject rate, long cycle time, things you have to live with all because you didn't really develop it on the front end. With this acquisition, we'll be doing it all from the same company."

Founded in 1981 by Jess Stein and Pam Zeller, the previous owners who are retiring, Synectic operates on a five-phase, fixed-price development model, rather than taking the more conventional time and materials approach. So a client knows exactly how much they will pay for definition, concept development, engineering development, design for manufacturability, and pilot manufacturing.

Mack will also have access to Syentic's brain power as well as its 3D CAD platforms, a model shop, an in-vitro tissue lab, and an on-site Class 10,000 clean room for pilot manufacturing — for which Somple and his team already have big plans.

"I've already warned them that my engineers and sales people are going to bombard them with all the little problems on products that maybe we've been limping along with because we didn't have ready access to this kind of development team or facility," Somple said. "Sometimes, in acquisitions, a company is just buying sales but with this, we're really expanding our true capabilities."

"We are all very excited about joining Mack, which will allow us to keep programs under one roof," Lehman said in a news release. "We'll now be able to provide uninterrupted oversight and support for the full life of a program, rather than handing off to a manufacturing partner. The whole process will now be seamless, because Mack will be involved from the start."


Comments

Mack Molding buys product development firm

By Gayle S. Putrich
Staff Reporter

Published: July 23, 2013 12:39 pm ET
Updated: July 23, 2013 1:57 pm ET

Post Your Comments


Back to story


More stories

Image

TE buys catheter maker AdvancedCath

April 10, 2015 2:45 pm ET

Catheter system design and manufacturing firm AdvancedCath Technologies Inc. has been acquired by TE Connectivity's medical division in a $190...    More

Image

Rubber molder digging up more business with addition of injection molding

April 10, 2015 9:20 am ET

Jefferson Rubber Works Inc. got a taste of the plastics industry in 2014 and sees bigger things on the horizon.    More

Image

From yo-yos to DNA, Canon shows range

April 6, 2015 11:16 am ET

You might wonder what Canon, known primarily for its consumer cameras and copier products, was doing molding red yo-yos at NPE 2015.    More

Market Reports

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

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events