Minneapolis-based Diversified Plastics Inc. (DPI) has announced the acquisition of the assets of Pacific Plastics Injection Molding (PPIM; Vista, CA). PPIM offers custom plastic-injection molding as well as design and custom moldmaking services.
“The acquisition of PPIM provides synergy with DPI’s services and customers as well as geographic benefits and diversification into new industry segments,” said Diversified Plastics CEO Kevin Hogan. “We are very excited about the unique capabilities, overseas tooling supplier relationship and location advantages that PPIM will add to our organization. Additionally, the company will benefit from DPI’s experienced sales team and advanced technologies and manufacturing processes, such as Carbon 3D-additive manufacturing.”
|Left to right: Kevin Hogan, CEO, DPI; Annette Lund, Vice President, DPI; Rob Gilman, General Manager, PPIM; Lucy Huynh, Controller, PPIM; Jae English, founder, PPIM; Roger Vang, Chief Financial Officer, DPI.|
Founded in 1980, PPIM provides a single source for injection-molded plastic parts, product design and design support, in-house and offshore tooling, and value-added assembly and packaging services. Certified to ISO 9001:2015, the company has 30 employees and an 18,000-square-foot facility in Southern California with presses ranging from 28 to 500 tons and an integrated IQMS MRP system. PPIM specializes in molding components for biomedical, electronics and consumer products.
“DPI has a similar culture,” said Rob Gilman, General Manager of PPIM. “Our operation will continue with its full staff as PPIM, and Jae English, PPIM’s founder, will be working with DPI’s management and our team for a smooth transition. The PPIM employees are excited about the opportunity to eventually participate in the employee stock ownership plan.”
Diversified Plastics’ first acquisition, the PPIM purchase is part of DPI’s strategic growth initiative.
Employee-owned Diversified Plastics, Inc. is a custom plastic-injection molder and digital manufacturer of high-precision, close-tolerance parts and components for medical device, filtration, aerospace and a variety of other industrial markets. Founded in 1977, the company is a full-service contract manufacturer providing design for manufacturing assistance, additive manufacturing, mold construction and intricate molding as well as cleanroom assembly. In 2018, DPI joined the Carbon Production Network. DPI is ISO 9001:2015 and 13485:2003 certified, FDA registered, ITAR certified and UL registered.