PTI acquires its moldmaker, brings toolmaking in house


An increased demand for mold manufacturing in the U.S. created a need for injection molding firm Polymer Technologies Inc. (PTI) to add moldmaking capabilities to its Clifton, NJ, custom molding facility. The company announced the acquisition of its primary tooling supplier, Polmold, a Wallington, NJ-based moldmaker with six veteran moldmakers who have more than 80 years of combined experience in injection mold design and construction. The acquisition is expected to close this month.

Neal Goldenberg, PTI president told PlasticsToday that his company has worked with Polmold for many years and know the level of quality Polmold provides and the talent the company employs. "We've always outsourced our mold construction and repair, and have worked with a variety of mold shops, but there's nothing better than having a supplier nearby that you sit across the table from and speak with personally - it's a great relationship," Goldenberg stated....
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