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Cretex acquired Pacific Plastics & Engineering

May 25/2011

(Plastics Today) -- 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.


Terms of the acquisition will not be revealed. PPE founders Stephanie and Jack Harkness will remain engaged in the business they've built over the past 22 years. PPE claims Boston Scientific, Johnson & Johnson, Tyco Healthcare and more than 150 other companies in its custom list. In 2010 the processor added a second cleanroom to its California facility. With 20 presses, the majority being Toshiba all-electric presses, the company provides complete contract manufacturing from single components to sterilized complex device assemblies.


In 2001 PPE opened a joint venture molding facility in Bangalore, India, which, with a vendor alliance in Taipei, Taiwan, gives PP&E the ability to provide contract manufacturing services globally.


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