Milacron recently completed the acquisition of Industrial Machine Sales, Inc. (IMSI) and its sister company, Precise Plastics Machinery (PPM). IMSI specializes in the application engineering of primary plastics processing and support systems for many operations, including injection molding, extrusion and blowmolding. PPM was established in 1994 as a full service support company for the plastics industry, including offering pre-owned equipment and turnkey services. [In December, Milacron announced the acquisition of American Extrusion Services.]
Larry Burchett, the president and owner of IMSI and PPM, actually started his career at Milacron. His purchase of IMSI in 1991 ended his direct employment at Milacron, but kept him connected through a 20-year agent association developed among IMSI, PPM and Milacron.
Shawn Reilley, group VP of sales & marketing for Milacron, told PlasticsToday the long standing relationship between Milacron and IMSI and PPM made this acquisition a natural fit. PPM has machinery refurbishing capabilities along with system design and installation skill sets. These capabilities align well with Milacron's desire to support our customers at multiple levels throughout the entire machine lifecycle, he said.