Two Southern California injection molders are being combined, with Plastics Engineering & Development Inc. of Carlsbad acquiring the assets of Nytronics of San Marcos. Terms of the Feb. 1 cash deal were not disclosed.
Less than eight miles separate the plants.
Jack Sparacio, PEDI president and chief executive officer, said the transaction gives PEDI an expanded long-term customer base and will allow Nytronics to grow. Nytronics has limited capacity in its 2,500-square-foot plant.
Nytronics owner Bruce Claude said he has agreed to remain with the organization for one year.
Claude formed Nytronics in 2001. The firm molds parts for electronic, boat, trailer, medical and dental applications on seven presses, operates a toolroom and had 2006 sales of $634,000. Claude and another employee plan to retire, and two others will join PEDI.
In an earlier venture, Claude operated U.S. Thermoplastics of Temecula, Calif., which he sold to KCA Engineered Plastics Inc. in late 1995. Claude continued with KCA businesses as a design consultant.
Founded in 1984, custom molder PEDI produces medical-device, life science and electronic components with engineering resins and has subcontract manufacturing capability. In late 1996, PEDI relocated to a custom-built, 50,000-square-foot facility from an inefficient, four-building site in Carlsbad.
Sparacio and Richard Witchey own PEDI, which employs 105 regular and 40 temporary workers and, before the acquisition, had annual sales of $12.5 million.