“PMT built a solid foundation as a solutions provider over nearly five decades,” said Sholtis. “I look forward to having the ability to expand our capabilities and capacity as a made-in-USA manufacturer. We have a longstanding reputation as a leading technical injection molder, from our beginnings as a family-founded business in New England to our relocation in 2003 to the US/Mexico border region. We decided to partner with Tide Rock to be able to achieve the next level of growth,” said Sholtis.

During the past couple of years, PMT has made considerable investments in its business and, as of September, forecast a double-digit increase in sales in 2021. Last year, it took delivery of 10 new injection molding machines — an outlay of close to $1 million — to support key customers in the telecommunications, medical device, and electrical sectors. In 2020, it expanded its footprint in El Paso by 39,000 square feet for a total of almost 100,000 square feet. The previous year it made a million-dollar investment in new vertical and horizontal presses.

This expansion is a step toward delivering our products within a day's transit anywhere in the United States,” said Nickolas Reinhart, founder and owner of Kreate. “We aim to build on Georgetown's foundation while introducing new product innovation, customer diversification, and sustainable manufacturing practices."

Kreate, a design engineering company based in Findlay, OH, has acquired a supplier of plastic injection molded components for the automotive industry located in Georgetown, TX.

The Georgetown facility, known for its advanced manufacturing processes and commitment to excellence, aligns with Kreate's mission to deliver products like outdoor furniture, deck and dock systems, raised garden beds, utility sinks, wheelbarrows, and other everyday products to its retail partners.

Certified to ISO 9001, ISO 14001, and IATF 16949, PMT manufactures precision-engineered, injection-molded plastic components and provides single-source molding from initial customer design to high-volume production. The company has nearly 50 years of experience serving an array of markets, including electrical, telecommunications, medical device, and automotive. Charles A. Sholtis, former owner and CEO of PMT, will stay on as an advisor to the company, said the announcement.

Editor in chief of PlasticsToday since 2015, Norbert Sparrow has more than 30 years of editorial experience in business-to-business media. He studied journalism at the Centre Universitaire d'Etudes du Journalisme in Strasbourg, France, where he earned a master's degree.

The Informa Markets Engineering network of B2B media sites includes Design News, Battery Technology, Medical Device & Diagnostic Industry (MD+DI), Packaging Digest, PlasticsToday, and Powder & Bulk Solids.

“The acquisition of PMT allows us to expand our footprint within the injection molding sector,” said group CEO Michael Engler. “We now can serve customers from multiple strategic locations, each with a highly skilled workforce and 95 total molding machines ranging from 20 to 500 tons. PMT diversifies our customer base, and also provides the platform for continued growth.”

Tide Rock said in the news release announcing the acquisition of PMT that it will continue to actively invest across sub-component manufacturing industries, in addition to other manufacturing, distribution, business services companies.

The acquisition joins Pikes Peak Plastics and Altratek in a new plastics injection molding company serving the industrial, energy, electronics, medical, telecommunications, and automotive industries.

A key part of Kreate's expansion strategy across the United States, the addition of the Texas operation enhances Kreate's manufacturing capabilities and strengthens its logistics network, enabling faster delivery of innovative products nationwide.

Kreate uses 3D-printing technology and sustainable manufacturing practices to set industry standards for sustainability, quality, efficiency, and cost-effectiveness, said the news release.

In addition to the aforementioned companies, Tide Rock’s plastics manufacturing and electro-mechanical contract manufacturing portfolio includes Interconnect Solutions Co. and Plastics Design and Manufacturing.

With this expansion, Kreate adds 500,000 square feet of manufacturing and distribution space, 30 injection molding machines ranging from 500 to 3,000 tons, and 160 skilled associates. This move is projected to add more than $150 million in annual revenue, said Kreate.

Tide Rock Holdings has added another asset to its plastics manufacturing portfolio with the acquisition of Plastic Molding Technology (PMT). A full-service precision injection molding company located in El Paso, TX, PMT joins Pikes Peak Plastics and Altratek, which the San Diego–based holding company purchased in November 2021, in a new plastics injection molding group that serves the industrial, energy, electronics, medical, telecommunications, and automotive industries.