PHILADELPHIA (July 30, 3:55 p.m. ET) — CW Thomas Inc., a thermoformer based in Philadelphia, has acquired custom thermoformer Analytic Plastics Inc.
CW will move tools and some equipment from Analytic's plant in nearby Bensalem, Pa., to its own 80,000-square-foot facility, and take over Analytic's orders and inventory.
The two plants are located about 10 miles apart. Three of Analytic's six employees will move to CW, said Bob Brennan, vice president of operations.
“It's a very small company, but for us, it's a nice little expansion,” he said by phone.
Brennan would not disclose terms of the deal.
The acquisition will allow CW to expand its customer base and offer Analytic's products at a lower cost, he said.
Analytic vacuum forms parts, mainly for commercial customers, in contrast to CW who uses both vacuum and pressure forming to make specialized and technical parts, he said.
CW also offers in-house tooling, engineering and assembly. It largely serves the transportation, aerospace, industrial and medial markets.
CW is more focused on using the expansion to broaden its customer base rather than its product offerings, and plans to “use our technologies to get to a broader range of customers,” Brennan said.
CW, a privately owned company, does not disclose financial information. It currently has 45 employees.
Analytics reported sales of $1 million in 2012, according to the most recent Plastics News survey of North American thermoformers.