Diversified Plastics, Inc. (DPI) has acquired the assets of Pacific Plastics Injection Molding (PPIM) in Vista, Calif. PPIM offers custom plastic-injection molding as well as design and custom mold making services to industrial, electronics, telecommunications, medical and filtration markets.
“The acquisition of PPIM provides synergy with DPI’s services and customers as well as geographic benefits and diversification into new industry segments,” says Kevin Hogan, chief executive officer for Diversified Plastics, Inc. “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 provides 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. ISO 9001:2015 registered, the company has 30 employees and an 18,000-square foot facility in Southern California.
“DPI has a similar culture,” says Rob Gilman, general manager of PPIM. “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.”
PPIM is Diversified Plastic, Inc.’s first acquisition. The PPIM purchase is part of DPI’s strategic growth initiative.
For more information, visit www.pacificplastic.com.
SOURCE: Diversified Plastics, Inc.