Port Washington-based Molded Dimensions has acquired Fife, Washington-based GlobalTech Plastics. Terms of the deal were not disclosed.
Molded Dimensions is a manufacturer and supplier of custom rubber and urethane molded parts to original equipment manufacturers.
GlobalTech Plastics is a full-service, plastic-injection molding company that specializes in the aerospace, medical, and transportation industries.
According to a press release, this acquisition will allow Molded Dimensions to broaden its manufacturing capabilities to include plastic molded parts and components and establish a location on the West Coast.
“We are thrilled to have the opportunity to add a premier manufacturing company like GlobalTech to our family,” said Brian Sprinkman, president and chief executive officer of Molded Dimensions. “We will continue to explore opportunities that allow us to better serve our collective customer base by expanding our manufacturing and service capabilities.”
No changes are expected at GlobalTech Plastics and no job changes are planned.
This is the second acquisition in past three months for Molded Dimensions. Last November, the company also acquired PCO Urethane, a manufacturer of high-volume polyurethane parts based in Marshfield. With the two acquisitions the new “Molded Dimensions Group” of companies can now provide rubber, urethane and plastic molded parts and components to an expansive customer base across a wide spectrum of industries.