Tessy Plastics Corp. (Skaneateles, NY) announced today the acquisitions of NuTec Tooling Systems Inc. (Meadville, PA) and Custom Tool & Design (Erie, PA). The terms of both acquisitions were not disclosed.
Founded in 1983, NuTec has been in a partnership with Tessy for more than 15 years. With this acquisition, Tessy Plastics will have increased capabilities to support customer needs by providing state- of-the-art custom robotic automation and assembly solutions, said the company in a press release.
Tessy Plastics added that it plans to maintain the 62 jobs at the Meadville facility.
“We look forward to partnering with NuTec, as they have always done great work for us,” said Tessy Plastics President Roland Beck. “Providing the highest quality to our customers is what matters the most to us. Having our own automation shop will allow for more efficient production, innovation, and detailed quality control,” said Beck.
Custom Tool & Design (CTD) is a full-scale injection mold manufacturer founded in 1971 that builds high-volume plastic injection molds for the consumer products and medical markets. “CTD will allow Tessy to expand our expertise in tool manufacturing and supply highly technical injection molds directly to our customers,” said Tessy Vice President of Engineering, Stafford Frearson. “We will be able improve our costs, shorten our lead times and enhance our production support to our customers.”