M&A news: Cretex acquires Pacific Plastics & Engineering


Cretex, a privately held, diversified manufacturing company that owns companies in the metalworking and contract manufacturing space, has expanded its plastics portfolio with the acquisition of Pacific Plastics & Engineering. PPE is a contract manufacturer of injection molded, assembled and packaged devices for the medical and bio-tech markets.

PPE, based in Soquel, CA, offers its customers services including engineering and design, tooling construction, prototype, short-run and production molding, and assembly services in its FDA-registered location.

"We are delighted to add Pacific Plastics & Engineering to the Cretex family of companies," said Lynn Schuler, CEO of Cretex Companies Inc. (Elk River, MN). "This acquisition continues our growth in the attractive medical market and gives us a presence in the dynamic Bay Area, where medical device startup activity remains strong. PPE will complement our existing medical portfolio companies of rms, Meier Tool & Engineering, and Juno."...
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