Bethel, Vt.-based GW Plastics Inc. has joined Continental Precision Corp. of nearby Middlebury, Vt., in a strategic alliance to expand the presence of both in the multishot injection molding market.
``As we entered into this market, it made sense to rely on the expertise of CPC in this area,'' Timothy Reis, GW's industry manager, said in a Dec. 22 telephone interview. ``We're also working at similar arrangements with machinery manufacturers and material suppliers.''
Reis said it is too early to release any details of those potential partnerships.
Founded in 1955, GW operates 90 presses with clamping forces of 40-650 tons at plants in Bethel, San Antonio and Tucson, Ariz., according to Reis. The closely held company makes products for the automotive, health-care, filtration and computer and telecommunications markets. It employs 325 and had 1997 sales of about $42 million, he said.
Reis said the firm may add workers if the CPC alliance produces the intended growth in the multishot market.
``I think between our experience and tooling capabilities and GW's tooling capabilities, this is a pretty good arrangement,'' Mike Funk, CPC's president, said Dec. 22.
CPC employs 100 at its Middlebury facility, where it operates 18 presses with clamping forces of 150-500 tons.
Funk declined to disclose annual sale for the privately held company.