The international product design company Industrial Design Consultancy (IDC) has bought Naiad Plastics, an injection molding company based in Littlehampton on the south coast of England.
Stephen Knowles, MD of IDC said, “This is a really exciting move for IDC. Thanks to Naiad’s injection molding facility, we can expand our manufacturing services for customers. We can now offer complete product design and manufacturing services, as well as manufacturing-only solutions, for customers who only need production support. Naiad has opened the door to a wealth of plastics manufacturing experience which, when combined with IDC’s highly skilled team, provides unique product design, prototyping, testing and manufacturing capabilities. This is especially the case as we are seeing more companies looking to manufacture in the UK. ”
Naiad will continue to operate from its base in Littlehampton, West Sussex and will be led by its General Manager, David Wright. Naiad is well established in the plastic injection molding industry and was founded in 1975. The company has a strong environmental policy and works extensively with recycled plastics to help customers improve the environmental performance of their products. With the support of IDC, Naiad is actively expanding the range of sustainable materials they process, including biodegradable, compostable and bio-based polymers, as well as increasing the percentage of recycled content.
David Wright, MD of Naiad, on the importance of the buyout to Naiad: “Having worked in the plastic injection molding industry at Naiad for 35 years and the past 20 years, I am thrilled that this is an exciting opportunity to update and upgrade Naiad expand. This will benefit existing customers through investments in new machines and a greatly improved work environment, and gives Naiad the ability to support new customers from concept to final product with IDC’s design capabilities. “
Naiad’s facilities include machines of all sizes from 20 to 350 tons. These are able to shape the smallest precision components into large structural parts, either in small or large quantities. The company also offers tooling options, both in-house and through partners, as well as assembly solutions to turn manufactured parts into fully functional products.