BRUNSWICK, Ohio—Plastics and rubber processor Philpott Solutions Group has acquired plastics injection molder Castino Corp. for an undisclosed price.
In a news release, officials with Philpott in Brunswick said that acquiring Romulus, Mich.-based Castino is "a major expansion of (Philpott's) capabilities." They added that the deal—completed in March—allows Philpott to build tooling and expand its capabilities, which range from custom molded and extruded rubber parts to polymer parts and specialty products.
The acquisition will ensure that Philpott can better serve customers and meet more of their needs, according to President and CEO David Ferrell.
"The purchase went smoothly and we have every expectation that the integration will be seamless as well," Ferrell added.