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

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

Image

Baxter investing $300 million to expand dialyzers production in Alabama

August 29, 2014 12:53 pm ET

Baxter International, Inc. is expanding its Opelika, Ala. manufacturing location to boost production of dialyzers, a key component of hemodialysis...    More

Image

Obituary: Jerry Williams, Prism Plastics co-owner

August 29, 2014 8:50 am ET

Williams founded Prism Plastics with Rod Bricker and Gerry Phillips, after the three left Huron Plastics Group in 1999.    More

Image

EPA fines RI polymer company

August 29, 2014 1:20 pm ET

A Rhode Island polymer manufacturer has reached a $60,000 settlement with the U.S. Environmental Protection Agency (EPA) for violating federal clean...    More

Image

Updating a travel icon for the professional millennial

August 29, 2014 11:44 am ET

As part of a drive to expand its customer base to include more millennials, Airstream Inc. turned to the Columbus College of Art & Design's MindMarket...    More

Market Reports

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

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

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

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