Minnesota Rubber and Plastics (MR&P) is actively scouting acquisitions, particularly in Asia, Board Member Andy Cantwell said in an interview this morning with PlasticsToday.
"Our plans are to grow the company and build on its strengths in materials science, design and engineering," he said. Cantwell is a principal at Norwest Equity Partners in Minneapolis, which bought MR&P (Plymouth, MI) Sept. 12. He said significant organic investments in new injection molding machines will be made in the next fiscal year as part of the growth plan.
He declined to comment on the approximate number of machines now operated by Minnesota Rubber and Plastics at its seven manufacturing plants in the United States, Mexico, and China. The company expanded its Reynosa, Mexico facility earlier this year. ...