ResTech buys Northeast Mold & Plastics

By Frank Antosiewicz
Correspondent

Published: February 7, 2014 12:56 pm ET
Updated: February 7, 2014 12:57 pm ET

Related to this story

Topics Mergers & Acquisitions, Automotive, Electronics, Medical, Telecommunications, Injection Molding

ResTech Plastic Molding Inc. is adding two-shot molding capability to its portfolio with the acquisition of Northeast Mold & Plastics Inc. of Glastonbury, Conn.

Terms of the deal were not disclosed.

Northeast Mold, a custom molder, was established in 1983. It has done work for many industries, including telecommunications, electronics, instrumentation, printing, automotive, water purification and medical components.

It has four two-shot molding machines — an 88-ton and three 220 ton machines.

Hudson, Mass.-based ResTech, which purchased Tech Atlantic Inc. of Berlin, Conn., in April 2013, plans to combine both to form its Northeast Mold and Plastics Division. ResTech said the management team will be unchanged and will continue to be led by Ron Bodeau, NEMP's general manager.

"NEMP will blend seamlessly with our current operations as we expand our technology strategy in the northeastern United States and execute our customer care program," said George Danis, CEO of ResTech Plastic Molding, in a statement.

Danis said NEMP will be situated in Berlin, and will have 33 injection molding machines ranging from 30-500 tons of clamping force.

The company is currently following a year-long agenda to expand its customer care expertise, invest in research and development, and improve access to technical assistance, internal workforce development and external education programs.

He also said adding Northeast Mold & Plastics gives ResTech customers the ability to take a two-piece product and redesign it for two-shot molding. Danis said some customers have already expressed interest in the new capability.

Northeast Mold's customers will also gain from working with ResTech, which includes a circuit and assembly division for mechanical contracting.

ResTech was established in 1976. It was acquired later by Danis and Plastic Molding Manufacturing.


Comments

ResTech buys Northeast Mold & Plastics

By Frank Antosiewicz
Correspondent

Published: February 7, 2014 12:56 pm ET
Updated: February 7, 2014 12:57 pm ET

Post Your Comments


Back to story


More stories

Image

Deal puts Convergence Packaging under Comar's umbrella

October 24, 2014 2:00 pm ET

Convergence Packaging Holdings LLC, itself a product of mergers, now is joining together with Comar LLC.    More

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

Gerresheimer opens first development center in China

October 24, 2014 1:34 pm ET

Medical molder Gerresheimer AG has launched a development center for medical plastic systems in Dongguan, China.    More

Image

SRG opens second China auto parts factory

October 24, 2014 11:25 am ET

U.S. automotive supplier SRG Global Inc. said Oct. 23 it is opening its second plant in China, an injection molding, plating and painting facility in ...    More

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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 Woodís 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

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

More Events