Diversified Plastics announced today that it has acquired the assets of Pacific Plastics Injection Molding (PPIM) in Vista, Calif. The financial details of the deal were not disclosed.
PPIM currently offers custom plastic injection molding, design and custom mold making services for the medical, industrial, electronics, filtration and telecommunications markets.
“The acquisition of PPIM provides synergy with DPI’s services and customers as well as geographic benefits and diversification into new industry segments,” Kevin Hogan, CEO of Diversified Plastics, said in a press release. “We are very excited about the unique capabilities, overseas tooling supplier relationship and location advantages that PPIM will add to our organization. Additionally, the company will benefit from DPI’s experienced sales team and advanced technologies and manufacturing processes, such as Carbon 3D-additive manufacturing.”
PPIM also offers a single source for injection-molded plastic parts, product design and design support, in-house and offshore tooling and value-added assembly and packaging services. The company is ISO 9001:2015 registered and employs 30 people in its 18,000 sq. ft facility.
“DPI has a similar culture,” said Rob Gilman, general manager of PPI. “Our operation will continue with its full staff as PPIM, and Jae English, PPIM’s founder, will be working with DPI’s management and our team for a smooth transition. The PPIM employees are excited about the opportunity to eventually participate in the employee stock ownership plan.”
The acquisition is the first acquisition for Diversified Plastics.