An upstate New York manufacturing company is strengthening its technology base by investing in a custom injection molder and toolbuilder in Rochester, N.Y.
BAM Enterprises Inc. will infuse $6 million into PMI Industries LLC over the next year to upgrade its injection molding machinery and tool shop and increase how much automation it uses.
“We're going to all electrics and will get rid of the presses we have now,” said Roger Reiner, who continues as general manager for PMI, in a phone interview.
PMI will replace 12 older injection presses it now runs with up to 14 machines by mid-2016, Reiner explained. The firm will maintain its clamp force range of about 110 to 1,100 tons in the upgrade. PMI will then supply BAM's other two subsidiaries with some of the injection-molded parts they now source from outside, Reiner indicated.
BAM, based in Grand Island, N.Y., owns Motor Components and NRD Advanced Static Control. It bought PMI for undisclosed terms in April.
Motor Components in Elmira, N.Y., supplies OEM companies and industrial and aftermarket customers with electronic fuel pumps under the brand names of Facet and Purolator. NRD is a global supplier of static elimination devices used in plastics, packaging, semi-conductor and industrial markets.
“The acquisition of PMI enables BAM to develop and subsequently offer a broader array of products and engineering services to industrial, automotive, marine, truck and off-road markets,” noted BAM Chief Operating Officer Shel Alfiero in a news release. PMI's historic markets have been automotive, aerospace, marine and off-road sectors since 1978. In addition to injection mold building and custom molding work, PMI performs hot-runner, insert- and over-molding and assembly and it makes a range of end-of-arm tooling for robots.
PMI molds ABS, polypropylene, nylon and other performance plastics. New equipment will boost its capacity to make HVAC and fuel system components and help it land new work in defense, medical and dental applications.