Tide Rock Holdings LLC is continuing its rapid growth, announcing Nov. 2 it has acquired custom injection molder and toolmaker Altratek Plastics Inc. of Longmont, Colo.
Altratek, founded in 1990, serves the commercial, specialty consumer and industrial markets and boosts Tide Rock's holdings in medium-tonnage molding companies. Altratek also brings Tide Rock robot-assisted automated production and a lineup of all-electric presses.
The deal marks Tide Rock's third plastics processor acquisition this year. In May, the holding company announced it had purchased custom heavy-gauge thermoformer Plastics Design & Manufacturing Inc. of Centennial, Colo. In October, it revealed it had acquired injection molder Pikes Peak Plastics Co. LLC of Colorado Springs, Colo.
Tide Rock said in a Nov. 3 email that Altratek will become a wholly owned subsidiary of Pikes Peak, adopting its name. The new Pikes Peak will employ 60 workers full time at two plants totaling about 45,000 square feet of space.
Combined, the plants will operate 24 presses with clamping forces of 33-400 tons. Shot sizes range from 1-40 ounces.
Tide Rock is based in the Cardiff area of Encinitas, Calif., about 25 miles north of San Diego.