ROCKLAND, MASS. (April 9, 4:30 p.m. ET) — Polymer Corp. is expanding its rapid prototyping business through a merger with Black Diamond Manufacturing and Engineering Inc.
Polymer Corp. announced the merger on March 26, when it became effective. Terms were not disclosed.
Black Diamond will move its operations from Peabody, Mass., to Polymer Corp.'s Rockland, Mass., facility by May 31. Both companies stress the deal is an alignment of businesses and not a takeover.
Black Diamond also will bring with it cast polyurethane business, which Polymer Corp. will handle. It fits Polymer Corp.'s liquid resin casting process operations for PUR and epoxies. Black Diamond's prototyping sales fit Polymer Corp.'s ProtoParts service.
Black Diamond's owner, Carrie Denley, will become manager for Polymer Corp.'s marine division in Rockland, where cast products are made. Polymer Corp. also has an injection molding division in Monson, Mass., where it runs 23 injection molding presses up to 550 tons.
In addition to marine, key Polymer Corp. markets include firearm components, medical, recreational and sports.
“We specialize in low volume, highly engineered custom parts,” said Polymer Corp. President and CEO Bob Underwood in a telephone interview.
Polymer Corp. also does computer numerically controlled machining of parts.
“Our sales have been about half a million a year,” Denley said in a telephone interview. Of Black Diamond's five employees, three will become permanent employees of the aligned business. Rockland is about a 45 minute drive from Peabody, she estimated.
Underwood declined to provide sales or employment figures for Polymer Corp., jointly owned by management and Prospect Partners LLC of Chicago since early 2009.
Black Diamond's rapid prototyping technologies include stereolithography and selective laser sintering. The company was formed in 2010 when Plastic Molding Manufacturing Inc. of Hudson, Mass., bought Res-Tech Corp. At that time Res-Tech sold its San-Tech division to Denley and San-Tech was renamed Black Diamond Manufacturing and Engineering Inc.
“There is a natural fit between Black Diamond and Polymer,” stated Underwood in a news release. “Black Diamond's rapid-prototyping experience will enhance our service offering, and Carrie Denley is a real industry veteran who will strengthen our senior management team.”