Quantum Ventures of Michigan LLC has combined its plastics processing companies under the name of Quantum Plastics LLC.
Quantum Plastics comprises of Master Molded Products Corp., River Bend Industries LLC, Apollo Plastics and Hospitec USA.
Quantum Ventures acquired Master Molded in 2014, then formed Quantum Plastics. Quantum Plastics added the other three firms in 2015.
Quantum Plastics spokeswoman Lisa Forret said Quantum Plastics continues to grow through acquisition and organically, but she could provide no further details as of Jan. 22, when Quantum Plastics's formation was formally announced.
“We found a need for consolidation in the plastics manufacturing arena, said Quantum Ventures founder, Chairman and CEO Robert Skandalaris in a news release. “There are a limited number of molders who offer a variety of processes.”
Quantum Plastics of Auburn Hills, Mich., does injection and blow molding at locations in Arkansas, Illinois and Iowa. Its injection molding capabilities include gas assist molding, insert molding and decorating. The firm's 130 injection molding machines have clamp tonnages ranging from 30 to 3,000 tons. Its two blow molding machines have accumulator heads of eight and 12 pounds.
Quantum Plastics is headed by CEO Morris Rowlett, Chief Operating Officer and President Ron Embree and Chief Financial Officer Lisa Fiorenza.
Quantum Ventures of Auburn Hills is an investment firm owned by the Skandalaris family.