Seaway Plastics Engineering Inc. has new owners who plan to add sales and production capacity to its injection molding operation.
Paul Bernard and Tim Smock, who both previously worked with the Port Richey-based molder and mold maker, took ownership of the company Nov. 3 for an undisclosed price. Bernard, who continues as general manager, also had a minority interest in the company before the purchase from brothers Len and Gerry Bahaylo, Smock said in a Dec. 16 telephone interview.
The firm will continue to focus on customers in prototype and low-volume production.
``These are people who need to get 5,000-10,000 parts quickly with a high production quality,'' said Smock, a former manufacturers' representative for Seaway.
The firm's rapid response capability has helped it compete with lower-wage countries, he said.
Seaway has 65 employees, including 12 full-time toolmakers. About 40 percent of its sales are in the medical industry, with additional business in automotive and electronics.
The new owners are adding sales contacts beyond the company's traditional base in the Southeast. Smock aims to have representatives throughout the United States by mid-2004.
Seaway has 17 machines with clamping forces up to 450 tons and maximum shot size of 60 ounces. The firm wants to add a 750-ton press with a larger shot capacity this year.