Carclo Technical Plastics announced the acquisition Derry, New Hampshire based Precision Tool and Die in a deal worth more than $6 Million. The acquisition expands Carclo’s US footprint adding a base of operations in the Northeast to continue its growth in the region.
President and Division Chief Executive Mark Charbonneau said” The acquisition of Precision Tool and Die will not only bring synergy to both PTD and Carclo’s customers in expanded capabilities marrying prototyping, tool making and volume manufacturing but will also enable Carclo to grow in the region close it its customers”
“We’ve seen significant new business and opportunities from major OEMs in the region and it was only natural that to continue our growth and follow our philosophy of being close to our customers that we target the Northeast as our next logical step” he added.
Molding Business Services of Florence, MA served as the exclusive advisor to Precision Tool and Die.
About Carclo Technical Plastics
Carclo Technical Plastics, a division of UK based Carclo plc, specializes in injection molding and contract manufacturing services for medical and optics applications. Manufacturing includes controlled cleanroom environments, automation, and assembly services for medical, optics, automotive and electrical applications. The largest healthcare segment served is diagnostic disposables with significant offerings in respiratory, blood management, ostomy, ophthalmic, women’s healthcare, and surgical products. Carclo employees over 1,000 employees operating eight plants across the US, UK, Czech Republic, India, and China
SOURCE: Carclo Technical Plastics Ltd (CTP)