Plastic Molding Manufacturing adds equipment and puts acquisitions on hold

Custom injection moulder Plastic Molding Manufacturing Co. (PMM) expects to commission five new presses in February.

Together with the new presses – two with 200 tons of clamping force, two with 250 and one with 80 tons – PMM bought two computer-controlled coordinate measuring machines (CMMs) for a total investment of more than 1 million US dollars.

PMM operates more than 130 presses and employs 220. Plastics News estimates the company’s annual sales at $ 37 million, placing it 169th among North American injection moulders.

The economic impact of the COVID-19 pandemic forced the company to forego some planned acquisitions and even consolidate some. In late 2019, CEO George Danis Plastics News announced that he was negotiating the acquisition of three companies in the Midwest, New York State and North Carolina.

“Because of the epidemic, we haven’t followed any of them yet,” Danis said in a recent telephone interview. “But there are others [we are] look at. I spoke to a realtor yesterday about other plants that are on the market. “

The economic downturn – particularly its impact on the automotive market – also resulted in the company closing the 46,000-square-foot facility it acquired when it purchased injection moulder Phillips-Moldex Co. in 2019. PMM had planned to keep Putnam, Connecticut. the company’s facility, but eventually relocated equipment to PMM’s four plants in Berlin, Connecticut; Lancaster, Pennsylvania; South Bend, Ind .; and its main facility in Hudson, Massachusetts.

Nevertheless, according to Danis, PMM has had a good year and its “core initiative” for 2021 is pursuing new technologies and automation.

“We are in the process of buying a 3D printer” and setting up a prototype laboratory, he said. The company uses real-time training for machine operators and technicians in handling integrated devices such as digital microscope cameras.

With devices like this, Danis said, “When we sample a tool for a company in California, Illinois or Pennsylvania, the customer can use their desktop or laptop to review the sampling process in real time, including inspecting parts with a microscope.”

PMM’s markets include medical, industrial, automotive, electronics, and defense. It also performs overmoulding and overmolding and offers various secondary services.

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