March 2023 – Romulus, MI – Automotive, injection molder, Castino Corporation of Romulus, MI has recently been acquired by Philpott Solutions Group of Brunswick, OH.
Castino, family owned and operated since 1980, has specialized in polyurethane and plastic components using state-of-the-art injection molding machines with robotic placement, removal, and inspection equipment. Known for its automotive experience, Castino has long been a Tier One and Tier Two OEM supplier. Capabilities range from in-house machining to rapid prototyping with molding machines ranging from 100-625 tons. Castino operates out of two plants: Romulus, MI and Walnut Ridge, AR.
“We’re pleased to add Castino’s highly regarded manufacturing facilities to our own company,” David Ferrell, president and CEO of Philpott Solutions Group said. “Everyone at Castino has been great to work with through this process. The purchase went smoothly, and we have every expectation that the integration will be seamless as well.”
Carrie Castino, who owned Castino with her late husband, Robert (Bob) Castino Jr., said, “It’s clear that we made the right choice with Philpott Solutions Group. They share our values and commitment to customers. We know they’ll succeed with what we’ve established over many decades.”
Philpott Rubber specializes in creating in-house custom molded and extruded rubber products serving a wide array of industrial applications. Philpott is a leading provider of custom molded and extruded rubber parts, quality adhesives, and custom polymer parts to the industrial, commercial, and government market sectors.
Plastics-focused investment banking firm MBS Advisors of Florence, MA represented Castino in the transaction.
Excerpts from above were taken from the Philpott Solutions Group website.