Plan Tech, Inc. Acquires Custom Molded Products, Inc.
LOUDON, NH., June 14, 2018 – Plan Tech Inc. today announced the acquisition of the assets of Custom Molded Products, Inc. (CMP). Custom Molded Products is a 15-year-old, Rhode Island-based manufacturer of custom urethane parts, molded urethane rollers and various polyurethane components for military and industrial applications.
Plan Tech VP Kevin Healy said, “This acquisition supports our dimensions of growth – organically growing by solving our customer’s problems and by acquiring specialty cast polyurethane companies. Acquisitions like Custom Molded Products helps to accelerate our penetration into the government and military contracts as well as specialty cast urethane molded parts. This will also help our customers as Plan Tech’s capabilities will continue to grow into more specialized polyurethane applications.”
Custom Molded Product’s President and CEO Gus Campopiano said, “Knowing that Plan Tech is one of America’s leading suppliers of high-quality cast urethane parts made this an easy decision for me. My primary concern was the support for CMP’s customers and I am confident with Plan Tech’s 30+ years and breadth of application knowledge the CMP customers are in great hands!”
There are strong synergies between the Plan Tech and Custom Molded Products businesses and their go-to-market philosophies. “The Custom Molded Products portfolio of rollers, wheels and other specialty polyurethane components supports our focus on delivering innovative cast urethane solutions valued by our customers. Our enthusiasm for the CMP product line and technologies goes well beyond the current portfolio. The next generation of CMP products will transform how designers integrate these cast polyurethane solutions into various wear applications across industrial and military applications. We look forward to welcoming CMP’s customers to Plan Tech to realize this potential,” said VP of Operations Melanie Patten.
Our combined staff looks forward to serving your current and future needs as a result of this acquisition.
About Plan Tech
Plan Tech Inc, headquartered in Loudon, NH manufactures custom molded cast polyurethane parts for industry. For over 30 years, we have combined speed and precision to manufacture the highest quality industrial cast polyurethane parts. Plan Tech has an outstanding team of dedicated employees with exceptional talents and industry-leading expertise. We are very proud of the “company we keep.” Our customers include many Fortune 500 companies, most of whom have been customers for 20+ years. Their drive to become industry leaders has helped us do the same.
For more information, go to https://plantech.com/ or call (877) 349-0620
Press Contact: Kevin Healy firstname.lastname@example.org
SOURCE Plan Tech Inc
Related Links https://plantech.com/