Injection molder and mold maker Seaway Plastics Engineering LLC has expanded by acquiring Wright Engineered Plastics, a Santa Rosa, Calif.-based injection molder.
The transaction closed Dec. 31. No terms were disclosed in a Jan. 20 news release announcing the deal. Wright primarily serves medical, aerospace, defense and industrial markets.
Wright formed in 1968 and has extensive experience in precision molding, including two-shot molding, insert molding and overmolding of technical parts. The San Francisco area firm also does to contract manufacturing for the medical industry, including clean room capabilities.
"We're excited to acquire Wright, as this will enable us to broaden our capabilities and geographic reach to provide full-service injection molding services to an expanded customer base," Tom Orr, president and CEO of Port Richey, Fla.-based Seaway, said in the release.
"Seaway will leverage our network of sales representatives and domestic tooling capabilities to enhance growth at the Wright division," he added. "This acquisition will also support our customer's needs for turn-key assemblies and higher volume molding production."
Seaway operates two plants in Florida. With the addition of Wright, the firm now operates more than 50 injection molding machines. Markets served by Seaway include medical, defense, aerospace and high-precision industrial.
Seaway was No. 298 in the most recent Plastics News ranking of North American injection molders with an estimated $15 million in annual sales. Wright was at No. 300 with another $15 million in estimated sales.