Plastic Molding Technology Is Reborn
When Tide Rock Holdings acquired Plastic Molding Technology in January of this year, the transaction could be seen as the linchpin of a plastics manufacturing portfolio the private equity firm was assembling. It had previously acquired in rapid succession Plastics Design & Manufacturing, Pikes Peak Plastics, and Altratek Plastics, all based in Colorado. At the co-located Plastec West and Medical Design & Manufacturing (MD&M) West event in Anaheim, CA, this week, the strategic re-branding of the four plastics businesses into “one cohesive company” was cemented under the Plastic Molding Technology banner. “The new Plastic Molding Technology unites multiple locations under one brand, creating a powerhouse solutions provider for our customers,” said Group CEO Michael Engler in a prepared statement.
While the new company retains the legacy name Plastic Molding Technology (PMT), which is based in El Paso, TX, it brings a broad set of capabilities into a narrow focus. PMT said that it now provides proven engineering expertise for error-free, mission-critical needs across three core capabilities — injection molding, thermoforming, and extrusion.
“Upon acquisition of the four businesses, we immediately infused additional capital to expand infrastructure, implement more automation, and install new electric molding machines to increase capacity,” Engler said.
In the two years prior to the acquisition, PMT also had made substantial investments in its business, including the addition of 10 new injection molding machines in 2021 and a 39,000-square-foot expansion in 2020. In 2019, it made a million-dollar investment in new vertical and horizontal presses.
The re-branded PMT now offers 250,000 square feet of molding, forming, and tooling space across its four centers of excellence. The company specializes in plastic insert molding, overmolding, and two-shot molding with engineering-grade materials, and is equipped with 100 horizontal and vertical molding machines ranging from 20 to 500 tons. PMT also provides heavy-gauge thermoforming, pressure forming, and vacuum forming, along with six lines for custom profile extrusion. The company leverages in-house tool building to cut lead times for customers, and provides turnkey secondary operations, including painting, decorating, and assembly.
Core end markets include the medical, telecommunications, aerospace and defense, renewable energy, electronics, and automotive and transportation sectors.
PMT is exhibiting in booth 2087. The co-located Plastec West and Medical Design & Manufacturing (MD&M) West trade show and conference is part of Informa Markets – Engineering (IME) West, which also includes WestPack, automation show ATX, and Design & Manufacturing (D&M). The event runs from April 12 to 14 at the Anaheim Convention Center in Anaheim, CA.