Holyoke, MA (PRWEB)
July 06, 2017
Universal Plastics, a heavy gauge thermoformer based in Massachusetts, has acquired Sajar Plastics, a gas assist injection molder based in Middlefield, OH. Terms of the sale were not disclosed.
The strategic vision for the acquisition is that Universal Plastics currently services customers who start out with custom thermoforming and graduate to injection molding – Sajar’s low volume gas assist injection molding expertise provides Universal with the opportunity to support their customers further along the product life cycle. The expanded breadth of capabilities will allow a customer to stay with a Universal family company throughout the life of the product from lower volumes at inception to higher volumes as the product grows and matures. Further, the combined company can provide unbiased guidance on which process is better suited for a particular application. Sajar Plastics will continue to maintain their facilities, employees and procedures which have made them successful for many years. Universal’s commitment to customer-focused growth and investment for the future will enable Sajar and the entire family of companies to further expand the range of products offered to customers and service them better.
According to Jay Kumar, President of Universal Plastics, “Customer success is our top priority and guiding focus. Sajar’s synergies with our existing thermoforming businesses, Universal and Mayfield, are plenty – a strong management team, sound business processes and a commitment to top quality products are what we are going to build upon. Above all, we value our relationships with our customers and are committed to maintaining and growing the value that we provide to them.”
Said Larry Nowak, CEO of Sajar Plastics, “Sajar is delighted to be a part of the Universal Plastics family of companies. We are excited by the prospect of bringing a unique combination of capabilities to both the customers of each company and to the broader market for large, complex and aesthetically demanding parts through the merging of Sajar’s deep knowledge and experience with gas assisted large part injection molding, and the large complex part thermoforming skills of Universal Plastics.”
Molding Business Services (http://www.moldingbusiness.com), based in Florence MA, served as the advisor to Sajar Plastics on the…