MGS Mfg. Group Inc., a global supplier of end-to-end manufacturing services to the healthcare industry, has acquired Danish tooling manufacturer Winther Mould Technology A/S. The investment in additional tooling capacity and expertise continues its strategic growth as a leading provider of high-precision plastic solutions for pharmaceutical, diagnostic, and medtech applications, said MGS in the announcement dated Oct. 2, 2023.

It’s the second acquisition of a Danish company by MGS this year. In June, it brought Technolution under its wing, a consultancy that provides R&D, regulatory compliance, quality, and project management assistance to companies in the pharma and medtech sectors.

A manufacturer of polymer products for the industrial, agricultural, automotive, commercial, and consumer markets, Myers said that it is focused on transforming itself into a high-growth, customer-centric innovator of value-added engineered plastic solutions. The Trilogy Plastics acquisition accelerates Horizon 1 of the long-term strategy focused on value-added bolt-on acquisitions.

“We celebrate this new growth milestone for MGS, which further strengthens our offer of unparalleled tooling capacity to ensure the seamless launch of large-scale programs. Our expanding global footprint continues to provide healthcare innovators with end-to-end support for new product introductions and ongoing production,” said Paul Manley, president and CEO of MGS. “MGS and Winther Mould share a strong customer focus and commitment to agility and reliability. Together, we are poised to deliver unmatched value, precision, and dedication to our global customers to accelerate the development of innovations that improve lives,” said Manley.

Winther Mould brings 56 years of experience in design for manufacturing (DFM), mold design and manufacturing, and testing and validation to the MGS portfolio. In partnering with Winther Mould, MGS said it will add complex, premium-quality tooling and moldmaking capacity and expertise to its international network of tooling, automation, and manufacturing capabilities. MGS currently operates from 12 locations in the United States, Mexico, Ireland, Sweden, Germany and Denmark.

Myers Industries Inc. today announced that it has acquired the assets of Trilogy Plastics, a custom rotational molder specializing in high-tolerance parts and assemblies. This is Myers’ second acquisition in the last nine months and is framed by the company as part of its “One Myers” long-term strategic plan.

Founded in 1987, Trilogy Plastics manufactures custom products for the industrial, consumer, lawn and garden, heavy truck, medical, and other markets. The combination of Trilogy with Myers’ Ameri-Kart and Elkhart businesses will create one of the largest rotational molding manufacturers in the United States and will provide Myers’ customers with access to a more complete portfolio of diverse products, said the news release.

The combination of Trilogy with Myers’ Ameri-Kart and Elkhart businesses will create one of the largest rotational molding manufacturers in the United States.

Myers expects the transaction, which was financed with its revolving credit facility, to generate cost synergies of approximately three percent of sales. These cost synergies will stem primarily from supply-chain optimization, it said. In addition, the company expects to realize growth synergies due to the broader geographic footprint created by the combined rotational molding businesses.

“Trilogy has an outstanding record of providing its customers high-quality, high-tolerance products and superior service, making it an excellent addition to the high-performance culture we are continually building at Myers,” said Mike McGaugh, President and CEO, in a prepared statement. “We look forward to integrating the Trilogy business into the Myers family, and continuing to grow organically and through additional acquisitions.”

Trilogy Plastics will operate as a part of the rotational molding platform within Myers’ Material Handling Segment. Headquartered in Alliance, OH, Trilogy has two US manufacturing facilities and employs approximately 265 people. Trilogy’s annual revenues are approximately $35 million, and the acquisition is expected to be slightly accretive to earnings in 2021.