Polymer Plainfield Cos. Inc. has broadened its injection molding base by acquiring Pixley Richards Inc. of Plymouth, Mass., for undisclosed terms.
Pixley Richards runs injection molding operations in Plymouth and the Dominican Republic.
The Plymouth plant now will focus on automotive, electronics and industrial customers, while the Dominican Republic plant will serve clients in the medical and electronics industries, Polymer Plainfield said in a news release.
Polymer Plainfield Chief Executive Officer Gregory Conrad said Pixley Richards' experience will ``broaden the skill set we offer in the marketplace.''
The acquired operation has been renamed Plainfield Pixley Richards Inc.
Polymer Plainfield of Plainfield, Ill., comprises nine plastics and metal-stamping operations. In addition to the newly acquired operations, Polymer Plainfield has the following molding operations: Plainfield Molding Inc. of Plainfield; Polymer Technologies Inc. of Cambridge, Ontario; Polymer Tech Mexico SA de CV of San Luis de Potosí, Mexico; and Plainfield Cos. of China LLE in Guangdong, China - an operation that opened in December.
Polymer Plainfield lists insert molding and two-shot molding among its core operations. Big markets for the company are automotive, medical, electronics, appliances and military. The company formed last year via the merger of Polymer Technologies with Plainfield Cos. Inc. of Plainfield, according to Polymer Plainfield Chief Operating Officer Michael Ritchie.
Pixley Richards had estimated sales of $35 million last year, according to Plastics News' injection molders survey. The firm molds several kinds of engineering resins, including ABS, nylon, polycarbonate, acetal and thermoplastic elastomers. Polymer Plainfield bought Pixley Richards from a management group that has owned it since late 2004.
Most of the management group will continue with Polymer Plainfield, Ritchie said by telephone.
Polymer Plainfield continues to look for more merger and acquisition opportunities, Ritchie said.