Chino, Calif.-based Syntech Development & Manufacturing Inc. has acquired Corona, Calif.-based Accent Plastics Inc. to grow in the medical device market.
With the acquisition, SDM now operates two facilities totaling 54,000 square feet with certified class 7 and 8 molding rooms and a class 7 assembly room.
The company has 37 injection presses ranging in size from 20-500 tons of clamping force.
Accent Plastics has been injection molding for a variety of industries since 1967 with its focus on the medical market in the areas of close-tolerance molding for short- and high-volume runs and overmolding.
Founded in 1994, SDM specializes in molding thermoplastics for the medical industry as well as the electronics, irrigation, automotive, defense and aerospace, consumer goods and cosmetics markets.
Terms of the deal were not disclosed.
The Accent business complements SDM, according to SDM President Bob Hobbs, who said the combined businesses will have annual sales of about $12 million and 94 employees — 64 in Corona and 30 in Chino.
"Accent has a current customer base that is not the same as SDM," Hobbs explained in an email to Plastics News. "Accent produces larger parts on average and SDM does smaller parts and more disposables. Accent is very good at secondary added-value operations. SDM is good at med device assembly.
"The location is important so we can share resources. The addition of [a] class 7 molding room at Accent adds value and capacity. SDM operates class 8 molding and class 7 assembly rooms. All clean rooms are certified."
Hobbs sees opportunities to expand business to Accent customers needing more contract manufacturing services and for the combined companies to be one vendor that can supply large instrument and equipment parts as well as high-volume disposables.
Accent had 23 presses ranging from 28-500 tons, according to the company website. The Class 7 clean room has five of the presses that can handle most medical market requirements, including assembly, testing and packaging.
With the acquisition, Hobbs said a total of 14 presses from 35-285 tons will be in clean rooms.
With more than 40 years of experience in the plastics industry, Hobbs will run the company, part of which will continue to do business as Accent. Accent CEO Tom Pridonoff will retire after more than 35 years.
SDM operates out of a 28,000-square-foot facility that has a 1,600-square-foot Class 100,000 clean room and a full-service tool room to build molds. The company is ISO 13485 certified with the U.S. Food and Drug Administration. Hobbs said that certification will be extended to Accent.
MBS Advisors of Florence, Mass., represented Accent Plastics in the transaction.