Papago Plastics Inc. has joined Foster Group, giving that company single-source capability from mold design to high-volume custom injection molding.
Foster Group of Rochester, N.Y., bought Papago in late May for undisclosed terms. Papago specializes in product design, prototype tooling and parts for automotive, business machine, medi- cal, computer and telecommunications markets.
Former Papago President Dave Bank will continue with Papago in a sales capacity and will cross-sell Foster Group's services, the companies said in a news release. Tom Del Plato, Papago's vice president of operations and engineering, will continue handling day-to-day operations out of Papago's Rochester facility.
Other Foster Group companies are Asmat Precision Mold Builders Inc., a Rochester firm that mainly builds injection molds and some die-cast metal tools, and Westplex Industries Corp., a custom molder of consumer battery gaskets, gears, impellers and pump housings in Manchester, N.Y.
Foster Group President Gary Foster estimated his company's sales at about $15 million last year and predicts it will reach $20 million this year with the Papago buy. It employs 180 full time.
Bank said he has worked closely with Foster Group for several years and the buyout makes sense because ``it provides a seamless process from design to production.''
Gary Foster and Richard Dillon founded Foster Group in 1994 and acquired Asmat that year as their first production operation. In January 1997, Foster Group bought the production assets of Mitsui Pathtek Corp. of Rochester, but not that firm's license for two-shot molding, which includes a platable material. In April 1997, the firm bought Westplex and moved the former Mitsui Pathtek presses into the Westplex operation, which now has 45 presses with clamping forces of 28-300 tons. The former Mitsui Pathtek business, now called Molded Interconnect Devices LLC, is a Foster Group customer.