February 2019 – Corona, CA – Precision Injection Molding Co. (PIMCO) has been acquired by Westfall Technik. PIMCO makes plastic parts primarily for use in the medical, telecommunication, consumer durable, and light industrial markets. It operates 27 injection molding presses (28-250 tons) at its state-of-the-art facility in Corona, CA. PIMCO specializes in manufacturing small, complex molded parts. This capability will augment Westfall’s technical injection molding expertise.
“This transaction will allow us to provide additional technologies and capabilities and increase the speed-to-market for our customers and their products,” Steve Crawford (PIMCO Vice President and Co-Owner), said in a statement.
MBS Advisors of Florence, Massachusetts served as the financial advisor to PIMCO in connection with the transaction.
Several excerpts above were taken from Plastics News and/or the official Westfall Technik press release. To read the full Plastics News article, click here. To read the Westfall Technik press release, click here.