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US Injection Molders Make Business Moves
July 08, 2021

A pair of US Plastics Injection Molding companies recently announced plans aimed at expanding their production operations.

Nevada-based Westfall Technik, a global holding company that provides manufacturing solutions to produce plastic parts in the medical, packaging, and consumer goods industries, recently acquired Carolina Precision Plastics (CPP) and its wholly-owned subsidiaries.

Terms of the investment were not disclosed, but the acquisition expands Westfall's geographic footprint by adding CPP's plants in the southeast US at Mocksville and Asheboro, North Carolina, and Kaiping, China, in Guangdong Province. CPP runs about 100 injection molding machines in its three facilities and uses recycled resins and biopolymers in its products.

Westfall Technik's announcement comes after another plastics injection molding company, Ohio-based Findlay Machine and Tool (FMT), said in late June it would invest an additional $7.2 million to expand operations.

FMT has two production locations in Findlay, Ohio, offering services that range from engineering and design, industrial 3D printing and prototyping, and plastic injection molding and tooling services. With the investment, the company will add over 50 jobs and additional modern injection molding equipment and infrastructure, including 15 additional high-tonnage presses, more than doubling its current capabilities. The Ohio Tax Credit Authority also approved a Jobs Creation Tax Credit to support the FMT's expansion and employment growth.

The latest influx of capital brings FMT's total local investment to over $40 million over the past 36 months.

For LinkedIn:

Westfall Technik is expanding its global footprint with the acquisition of Carolina Precision Plastics, while Findlay Machine and Tool is investing in expanding its Ohio-based operations.

By Brian Balboa for The Plastics Exchange.

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