October 2019 – Tipp City, OH – Proto Plastics, a low volume plastic injection molding and contract manufacturing company specializing in technically demanding, close tolerance parts and assemblies, has been acquired by Thogus Products Company. Thogus is a premier medium to high volume plastic injection molding company and contract manufacturer.
The addition of Proto Plastics and its low volume focus enables the Thogus family of companies to provide end-to-end product and service offerings to the entire plastics industry. Proto Plastics fills a strategic niche that Thogus has been missing, according to Thogus CEO Matt Hlavin.
“PPI’s a low-volume molder and we’re medium- to high-volume. We used to refer out several million dollars in low-volume business, and then we found Proto and that’s what they do. So we’re going to capture that business,” Hlavin said.
Hlavin said Proto Plastics will continue to operate under its own name in Tipp City, where the firm employs 31 and runs 17 injection molding machines in a 65,000-square-foot plant. Proto Plastics has more than 80 customers in a wide range of industries, including automotive, aerospace, medical, electronics, telecommunications, industrial and business equipment, government/defense, safety, construction and instrumentation, and control.
In total after the acquisition, Thogus will have over 200,000 sq. feet of manufacturing and warehouse space along with 52 molding machines and 12 3D printing machines across three facilities.
MBS Advisors represented Proto Plastics in the transaction. MBS met Tom Gagnon, President of Proto Plastics, several years ago at the annual Benchmarking and Best Practices Conference in Indianapolis put on by the Manufacturers Association for Plastics Processors (MAPP). MBS was formally engaged by Proto Plastics in early 2019 as an exclusive sell-side advisor.
Excerpts from above were taken from Thogus’ press release and an article written in Plastics News.