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.

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.

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.

“We are excited to become part of Pexco and are thrilled to join forces to expand the breadth of products and services to each of our customer bases,” said Roxanne Abdi, CEO at Precise Aerospace Manufacturing. “Combining with Pexco enables us to continue building on both companies’ reputations for quality products and service excellence. Our focus on high-performance products and complex engineering are a great cultural fit with Pexco.”

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.

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.

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.

“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.”

"The acquisition of Precise Aerospace Manufacturing marks a significant milestone in Pexco's strategic growth journey,” said Sam Patel, CEO of Atlanta-based Pexco. “This expansion not only strengthens our capabilities in injection molding and high-performance polymers but also underscores our commitment to enhancing service offerings for aerospace and defense. We look forward to integrating Precise Aerospace Manufacturing's expertise seamlessly into Pexco's operations, further advancing our position as a leader in engineered plastic components."

“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.

The company, founded in 1965, will become Pexco’s 13th manufacturing site, with molding machines ranging in size from 40 to 610 tons.

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.

Acquisition strengthens injection molding and high-performance polymer capabilities and underscores commitment to aerospace and defense offerings, said Pexco.

In a move to bolster its aerospace and defense services, specialty plastics processor Pexco is acquiring Precise Aerospace Manufacturing.

Pexco designs and fabricates engineered plastic components for the aerospace, defense, medical, and electronics markets. The company provides standard and specialty parts and components to manufacturers and end users for a broad range of custom applications. Pexco is registered to the ISO 9001:2015 quality management standard across its manufacturing operations.