Plastics equipment distributor Globeius Inc. has acquired Plastixs LLC of Shrewsbury, Mass., for an undisclosed price.
Miami-based Globeius is acquiring Plastixs — an equipment distributor and manufacturer — from Mickey Blyskal, who will stay on as general manager of the business. All current Plastixs employees will be retained as well.
In a news release, Globeius President Ernie Sosa said the acquisition "marks a significant milestone in Globeius' growth."
"It will expand our product offerings and strengthen our position in the industry," he added. "We are confident that this acquisition will create exciting opportunities and synergies within the group."
Blyskal, who founded Plastixs in 1999, said the transition "marks an important turning point for the future and growth of our company. …I am looking forward to leading Plastixs into a new era of growth through the combined strengths of both companies."
Globeius is a North American distributor for many European plastics equipment brands. Globeius also sells water hoses and manifolds, conveyors, granulators, heavy duty mold racks and other products.
Plastixs makes its own line of water intake manifolds and accessories and sells other products from a wide range of suppliers.
The deal will spread the geographic focus of both firms. Globeius primarily has sold into Mexico and Latin America, while sales for Plastixs have been centered on the U.S. and Canada.
Officials said that although both firms sell some common products, both bring special products and expertise which they can cross sell. From the Globeius side, some major products are cranes, mold racks, and conveyors. From the Plastixs side, major products include specialized manifold assemblies, hose assemblies and fittings and high performance material handling hose.
Earlier this year at the NPE2024 trade show, Globeius officials said the firm's sales had tripled in the past three years.
Globeius — which changed its name from Plastics Solutions USA in 2000 — operates four offices and warehouses in Mexico, two locations in Colombia and recently opened a new office in Costa Rica.