November 2019 – Putnam, CT – Phillips-Moldex Company, a custom injection molder of precision engineered components, has been acquired by Plastic Molding Manufacturing (PMM) of Hudson, MA.
Phillips-Moldex produces plastic components such as gears and ball bearings for the automotive, medical, office equipment, and other markets in a highly automated plant with work cells and 35 employees.
According to PMM CEO George Danis, the acquisition gives PMM 32 injection molding machines in a 46,000-square-foot facility and a second site in Connecticut to share technology and manpower. It also gives PMM new automotive customers and more medical customers for its clean room in Hudson. Phillips-Moldex will become PMM’s fifth manufacturing site.
PMM has a facility 45 minutes away in Berlin, CT, as well as plants in Lancaster, PA, and South Bend, IN, in addition to Hudson, MA. These existing four sites have more than 100 presses and employ about 200 people.
MBS represented Phillips-Moldex in the transaction.
Excerpts from above were taken from a recent article in Plastics News. Click here to read the article.