Thogus Products Co. has acquired Tipp City-based Proto Plastics Inc.
Founded in 1969, Proto Plastics is a low-volume plastic injection molding and contract manufacturing company specializing in technically demanding, close tolerance parts and assemblies. The company’s core competencies are expected to fill a strategic niche that Thogus has been missing in its customer service offering.
The compilation of rp+m, Thogus’ additive manufacturing company that focuses on rapid prototyping and low volume 3D production printing, Proto Plastics and its low-volume, value-added focus and Thogus’ medium- to high-volume strategy is intended to enable the Thogus family of companies to provide end-to-end product and service offerings to the entire plastics industry.
In total, Thogus expects to have more than 200,000 square feet of manufacturing and warehouse space along with 52 molding machines and 12 3D printing machines across three facilities, according to a company news release.
“We are excited to add Proto Plastics’ capabilities to our service offering,” says Matt Hlavin, CEO of each of the Thogus companies, in a statement. “We are confident that each company will be able to support new and existing customers by having a collection of capabilities within one organization. Proto Plastics’ team and culture align with our existing companies to provide the white glove services our customers deserve.”
Andrew Munson & MBS Advisors represented Proto Plastics in the transaction. Financial terms were not disclosed.
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