San Diego–based Tide Rock Holdings announced today the acquisition of Altratek Plastics, a full-service custom injection molding and tooling company located in Longmont, CO.
Earlier this year, Tide Rock acquired injection molder Pikes Peak Plastics and Plastics Design and Manufacturing (PDM), a supplier of custom plastic heavy gauge thermoforming.
Bringing Altratek into the fold increases the holding company’s mid-tonnage injection molding capacity, adds capabilities and expertise in robot-assisted automated production, and expands industry coverage to include commercial, industrial, and specialty consumer products. The company’s suite of all-electric equipment has enabled it to streamline operations and achieve production efficiencies, said the news release.
“Altratek’s consistent dedication to high-quality production, including consistent part quality and on-time delivery, has enabled the company to develop strong relationships with its customers. Because of repeated investments into leading production technologies, Altratek has been able to adapt to customer needs and realize continued growth over the last 10-plus years,” said Brooks Kincaid, President of Tide Rock.
Michael Engler, CEO of Tide Rock portfolio companies Interconnect Solutions, PDM, and Pikes Peak, was instrumental in bringing this acquisition to a close. He will lead Altratek as CEO and work alongside Dan Kaven, President and former owner of Altratek, to ensure a smooth transition.
Tide Rock said that it continues to actively invest across sub-component manufacturing industries, in addition to other manufacturing, distribution, business, and healthcare services companies.