Polymer Technologies, Inc. (PTI) has announced the acquisition of Polmold, a Wallington, NJ, USA, based manufacturer and repair shop for injection moulds, tools, dies and fixtures. The acquisition was expected to close by the end of February 2012.
PTI is a custom plastic and metal injection moulding company that provides contract manufacturing to the aerospace, defence, medical/surgical, automotive, commercial, consumer electronics and dental industries. The company offers design, engineering and manufacturing services supported by Mold Flow™ analysis. Its Clifton, NJ, USA, based facility is home to 24 moulding machines ranging from 38 to 650 ton clamping force and employs a staff of 71 across its 24 hours a day, five days a week operations.
Polmold manufactures precision injection moulding tooling for both plastic and metal injection moulding programmes. Additionally, the company has extensive experience in construction and repair of moulds for compression and investment casting applications, as well as providing complementary services for associated tools, dies and fixtures. The purchase will strengthen PTI’s position as a ‘one-stop shop’ contract manufacturing solutions provider. The company has five CAD/CAM work stations, four late-model computer numerical control (CNC) machining centres, seven CNC milling machines, two lathe machines, two wire and three “sinker” electric discharge machines (EDM), six grinders and QC inspection equipment to guarantee the quality of the value-added services they supply.
“The acquisition of Polmold complements our existing product offering and continues our strategic plan to offer streamlined contract manufacturing services to our customers in the USA and internationally,” stated PTI President Neal Goldenberg. “Our vertical integration of this critical technology into our operation will truly make us a complete solutions provider for any engineered injection moulding application.”
Melvyn Goldenberg, PTI founder and Neal’s father added, “We have been pleased to see a strong resurgence of tooling work being done here in the United States. Much of this is due to the realisation that the cost-savings from work done overseas in places such as China didn’t pan out the way people had hoped it would when variables such as lost time and additional costs of rework were not a part of the original equation. Further, given the size of some of the tooling, transportation and import fees, outsourcing has become very cost prohibitive.”
Polmold was founded by Henry Marzec in the 1980’s and today employs six highly-skilled workers whose combined 80+ years of experience in injection moulding tool design and construction and use of their state-of-the art equipment will ensure the tools built will meet or exceed the stringent requirements of PTI’s customer base. Marzec will assume the role of Polmold Tool Inc. General Manager.
“We are very pleased to join our forces with PTI and the Goldenberg’s. We still intend to support our existing clients with the same level of superior quality, workmanship and service for which they have come to rely on us, however, now we can also offer a new value-proposition,” stated Marzec. “Through utilisation of PTI’s injection moulding expertise, we can prototype and troubleshoot these tools prior to being shipped to the client. This will significantly reduce the debugging time associated with new tool manufacturing and increase our client’s speed-to-market.”