"We expect it to be status quo and all staff (at PCO) to stay," Desai said. "Traditionally, PCO had done much more open cast, hand-poured and high-volume work, so it will complement us as well. (The acquisition) is expected to double our urethane business so that it will be about as large (revenue-wise) as our rubber work."
The PCO brand is expected to remain for now.
PCO also has expertise in making metal parts such as rollers, gears and sprockets, Desai said. These types of longer-lasting parts require more abrasion resistance than what the new parent company is used to producing. Its Armadillo Pipe brand of products is highly regarded for clients in the agricultural, industrial, mining and other industries.
Molded Dimensions employed more than 115 before the acquisition, and projects a record-revenue year in 2021 after achieving consistent double-digit revenue growth in the years immediately before the pandemic-impacted 2020, Desai said. Its client base ranges from producing industrial rubber components for large OEMs to making specific custom parts for small manufacturers.
"This acquisition is a tremendously exciting opportunity for our employees and our company expansion," Brian Sprinkman, president and CEO of Molded Dimensions, said in a statement. "When you add what Molded Dimensions offers in rubber production to an expanded urethane capacity, we are well-positioned to appeal to a wide range of customers in industries that use molded parts and components."