Plastics firm Enplas Corp. of Japan has acquired injection molder PolyLinks Inc. for an undisclosed price.
Enplas officials said in a July 14 news release that the acquisition of PolyLinks provides their firm with an established foothold in North America from which to expand its medical and biotech business segment.
Asheville, N.C.-based PolyLinks is an injection molding and assembly contract manufacturer serving the biotech and medical industries. The firm operates a 45,000-square-foot facility with three cleanrooms. PolyLinks also builds its own tooling in-house.
Enplas made the purchase through its Enplas America Inc. unit. The firm operates in 15 countries and has annual sales of $400 million. Enplas provides mold building, high precision plastics manufacturing and research and development to the automotive, semiconductor, optical device, and biotechnology industries.
Enplas already operates an injection molding plant in Marietta, Ga., which provides ultra-high precision gears to the automotive, office automation, and other industries.
Molding Business Services of Florence, Mass., served as the exclusive adviser to Enplas in the deal.