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

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

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Plasan investing in capacity, jobs to supply auto market with carbon fiber

September 19, 2014 3:05 pm ET

Growth in the emerging automotive market for carbon-fiber composites has spurred a $29 million investment in a Walker, Mich., factory    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Image

Toyoda Gosei expanding in Mexico

September 19, 2014 2:33 pm ET

Toyoda Gosei North America Corp. is investing $67 million in a 398,000-square-foot plant in central Mexico to supply the automotive industry with...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

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

Upcoming Plastics News Events

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

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

More Events