Molded Dimensions Reaches Expansion Deal in Washington
Molded Dimensions LLC acquires GlobalTech Plastics LLC under an injection molding agreement.
GlobalTech of Fife, Washington manufactures high-tech injection molded plastic parts for the medical, transportation and electronics closure segments
For Molded Dimensions, which manufactures precision rubber, urethane and plastic components, the acquisition “adds expertise in plastics … and expands the company’s customer base and capabilities,” according to ShoreView Industries, a manufacturing company. Minneapolis-based private investment that owns Molded Dimensions of Port Washington, Wisconsin.
“ShoreView and Molded Dimensions continue to seek additional opportunities,” the investment firm said in announcing the latest acquisition.
ShoreView had previously invested in the Rohrer Corp. thermoformer. and sold this stake in March 2021 after 11 years.
This latest deal follows a decision late last year by Molded Dimensions to acquire PCO Urethane of Marshfield, Wisconsin. PCO Urethane manufactures custom polyurethane parts for the agriculture, mining and manufacturing industries.
Globaltech, founded in 2003, operates from a 43,000 square foot facility in Fife which includes 13 Nissei injection molding machines ranging from 88 to 1,200 tonnes of clamping force. The company’s secondary operations and assembly capabilities also include a clean room, laser cutting and engraving, ultrasonic welding and printing. Globaltech also has assembly stations with custom support equipment as well as kit capabilities, according to the company’s website.
A 2019 Plastics News The story featuring Globaltech said the company had room at its Washington plant for additional injection molding machines.