Injection molder PM Plastics Inc. is investing $3 million to upgrade its plant in Orchard Park, N.Y., to shift its focus from basic contract manufacturing to making more precision products.
Ben Harp and Tom Rybicki, longtime executives at medical molder Polymer Conversions Inc. in upstate New York, have bought a small plastics firm near Buffalo. They said they see opportunities in fragile global supply chains.
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MBS Advisors 2020 Year In Review
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FLORENCE, Mass., Jan. 28, 2021 /PRNewswire/ Despite the obvious challenges in 2020, MBS Advisors wrapped up another record year. MBS completed eight plastics-related M&A transactions in 2020, including two of the largest deals in company history.
Transactions include:
February 2020 – Santa Fe Springs, CA – RD Rubber Technology Corporation, a manufacturer of tight tolerance molded rubber and LSR components, was acquired by California-based Engineered Polymer Industries, Inc. MBS advised RD Rubber.
August 2020 – Inman, SC – Tool Technology Corporation, an injection molding and metal machining company that makes parts for outdoor recreation and consumer products, was acquired by Orchard Creek Capital. MBS advised Tool Technology.