The packaging solutions and mold manufacturing company helped the Dr Pepper Snapple Group (Plano, TX) convert the Snapple glass bottle to plastic while maintaining the look, feel and, yes, sound of the beloved brand.
If past cycles are any guide, we are overdue for a slowdown, yet M&A activity remains robust and shows no sign of declining. You can thank the baby boomers, the enduring popularity of plastic products, tax reform and attractive interest rates.
A global injection molder with toolmaking capabilities, Plastek (Erie, PA) has acquired Costapacking (Pirassununga, Brazil), which serves the food and beverage, personal care and home care industries of several Fortune 100 companies.
Expansion of footprint in Singapore will localize Ultem resin production in Asia, increasing global production by 50%; recommissioning of Noryl resin manufacturing operations in Bergen op Zoom expected to increase global production more than 40%.
“By joining the Mold & Robotics Group, we will be part of an international company with technological leadership in both molds and automation,” said Mike Klestinec, President of Dollins Tool (Independence, MO).