August 2022 – Vacaville, CA – Master Plastics Inc. of Vacaville, CA has been acquired by Poly-Tek Inc. of San Leandro, CA.
Master Plastics is a rubber and plastics injection molder. It has 22 presses with clamping forces of 28 to 1,000 tons, making products for the information technology, industrial, medical device, construction, packaging and consumer goods markets. The company also does structural foam molding and has a 1,200-square-foot, Class 100,000 clean room in its 64,000-square-foot plant.
Poly-Tek, founded in 1963, is now in its third generation of family ownership. The company serves the automotive, recycling, construction, and agriculture markets.
The Aug. 1 acquisition brings together two family-owned companies with synergies that make it “a great deal … [that] should be good for both parties,” Ravi Merchandavi, Master Plastics’ vice president of business development, said by phone Aug. 26.
Plastics-focused investment banking firm MBS Advisors of Florence, MA represented Poly-Tek in the transaction.
Excerpts from above were taken from a recent Plastics News article.