Ensinger Inc. added injection molding to its engineering plastics processes with the Aug. 1 acquisition of Putnam Precision Molding Inc. Terms were not disclosed. Putnam Precision of Putnam, Conn., custom molds for business machine, aerospace, automotive and other industries, and produces a proprietary line of plastic power transmission components. It also makes stock shapes and offers secondary and assembly operations.
Putnam's 27-press operation had about $6 million in custom molding sales in 1995. One of its major customers is Xerox Corp.
Putnam was looking for an acquisition to fill out its capacity, former general manager Donn Hartley said about a year ago.
Vice president of sales and marketing Fred Mooers said a suitable acquisition could not be arranged but Hartley had helped line up the sale to Ensinger, which Mooers said was a ``natural fit'' since both firms process high-performance plastics.
Ensinger's North American and European business will benefit from Putnam Precision's capabilities, said Kendra Kenney, spokeswoman for the Washington, Pa., firm. Ensinger extrudes, casts and compression molds engineering plastic shapes, profiles and cast nylon parts.
Ensinger plans no immediate change at Putnam. Ensinger President Rick Phillips will act as interim manager of the business, an independent subsidiary.
Putnam was created in April 1995 after Danco Plastock Inc. filed for Chapter 11 of the U.S. Bankruptcy Code.