Cretex adds tooling, short-run production with Wickstrom acquisition

By Bill Bregar
Senior Staff Reporter

Published: July 8, 2014 3:10 pm ET
Updated: July 8, 2014 3:20 pm ET

Image By: JunoPacific Inc. Adding S. Wickstrom Manufacturing Inc.'s mold making will add to JunoPacific's ability to get new products to market faster, company officials said.

Related to this story

Topics Mergers & Acquisitions, United States, Medical, Injection Molding, Injection molds

Cretex Cos. Inc. has purchased the assets of medical injection molder and mold maker S. Wickstrom Manufacturing Inc. in Redwood City, Calif., beefing up its short-run production base and adding capabilities in quick turnaround tooling production in-house.

Wickstrom will become part of Cretex-owned JunoPacific Inc., a medical molder Cretex owns in Anoka, Minn. Cretex, a diversified manufacturing company, is based in Elk River.

The privately held Cretex did not disclose terms of the deal.

Wickstrom, which specializes in aluminum tooling, also is a short-run molder of parts for the medical device and surgical instrument markets.

JunoPacific president Kern Bhugra said Wickstrom works closely with customers to mold “high quality production-grade parts in a fraction of the time and cost of conventional molding companies.

“Adding Wickstrom’s capabilities will enhance JunoPacific’s ability to help our customers bring their products to market quickly and inexpensively.”

Scott Wickstrom will remain with the company, Bhugra said.

Three years ago, Cretex bought Pacific Plastics & Engineering, an injection molder and contract manufacturer in Soquel, Calif., that supplies medical and other markets.

Overall, Cretex employs about 2,000 people in 36 locations in the United States.


Comments

Cretex adds tooling, short-run production with Wickstrom acquisition

By Bill Bregar
Senior Staff Reporter

Published: July 8, 2014 3:10 pm ET
Updated: July 8, 2014 3:20 pm ET

Post Your Comments


Back to story


More stories

Image

Acquisition expands Rieke Packaging's stake in Asia

July 28, 2014 4:39 pm ET

Diversified rigid packaging components producer Rieke Packaging Systems now has a bigger footprint in Asia.    More

Image

Packaging film shows promise as a low-cost alternative for medical tests

July 28, 2014 9:37 am ET

A new cheap way to run tests on medical and environmental samples has been developed using the plastic packaging staple — the air filled...    More

A third generation is adding to the growth at American Vinyl Co.

July 28, 2014 4:32 pm ET

American Vinyl Co., a compounding and extrusion company that increased its workforce 20 percent this year, is looking to double its space for storing ...    More

Image

Two medical device makers add specialty products through acquisitions

July 28, 2014 3:02 pm ET

The medical merger mania continues this summer as two more medical device manufacturers are swallowed up by bigger competitors.    More

Image

Deal combines US packaging thermoformers

July 28, 2014 12:42 pm ET

Thermoformed medical packager Nelipak Corp. is expanding its North American holdings and access to the U.S. health care market with the purchase of Ph...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

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

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events