Plastic Components Inc. is changing hands for the second time in five years.
The Germantown, Wis., injection molder, which has made Plastics News' Best Places to Work list for eight consecutive years, now is owned by Rosti Group AB of Malmö, Sweden.
PCI makes engineered parts for the medical, plumbing, pool and aquatics, small engine and automotive markets. PCI CEO and President Derrill Rice said in a Jan. 4 email interview that Rosti shares PCI's vision for scientific molding and innovation, such as PCI's patented lights-out manufacturing design that allows it to run a facility 24/7 without human operators.
Rosti, a contract injection molder founded in 1944, has eight plants in Germany, England, Poland, Romania, Turkey, China and Malaysia. It serves the packaging, medical, automotive and consumer goods industries.
The company opened a 3D additive printing lab in Boston last year to offer prototypes with a 72-hour turnaround. Rosti has been searching for a U.S. partner for about three years, Rice said.
That lab, as well as the PCI purchase, are part of Rosti's efforts to broaden its U.S. customer base. That plan should work out well for both companies, Rice said. PCI customers' responses have been "overwhelmingly positive," he added.
"We have multinational customers asking us for solutions in Asia and Europe. Rosti has multinational customers asking for solutions in North America. We envisioned significant customer synergies with PCI's addition to the Rosti global footprint. And those expectations have been reinforced with feedback from our customer communications this week," Rice said.