Cranston, R.I. — Mearthane Products Corp. has purchased Polyurethane Molding Industries, the fifth acquisition in the last three years for the growing developer and manufacturer of polyurethane and metal components.
Terms of the transaction, announced Feb. 26, were not disclosed.
PMI, of Woonsocket, R.I., is a provider of reaction injection molding and custom part finishing services, making 3D printer covers, ATM bezels, camera holsters, medical instrument front covers and side panels and wheel chair seats, among other goods, according to PMI.
"PMI's RIM business will expand our existing RIM capabilities to include rigid materials for cabinets, housings and other structural parts, including excellent precision painting and finishing processes," MPC President Pete Kaczmarek said. "Furthermore, PMI brings a new customer base to whom we can now offer a wider range of customized polyurethane solutions."
According to Cranston-based Mearthane, PMI President Len Strapponi, will join Mearthane as director of business and process development for RIM.
"We are delighted to be part of MPC's team and look forward to the opportunities this new venture brings to grow our RIM and painting services," Strapponi said in a statement.
Mearthane said PMI's Brian Johnson will take over as operations manager of the Woonsocket location.
Mearthane continues to maintain and expand its applications in media handling, defense, fitness and recreation, medical devices and industrial, according to company.
The firm acquired Morris & Broms LLC, a provider of precision stamping and sheet metal fabrication services based in Cranston, in April 2019.
Prior to that, Mearthane acquired Creative Urethanes Inc., of Winchester, Va., in October 2018; Rhode Island Water Jet LLC, a provider of precision computer numerical control components, of Newport, R.I., in May 2018; and Elmco Tool Inc., of Bristol, R.I., in September 2017.
The PMI acquisition significantly expands Mearthane's capabilities in RIM, specifically in medical devices, banking and electronics, where there are smaller enclosures. The acquisition of Creative Urethanes brought on the first RIM capabilities for Mearthane, according to the company.