TriMas Acquires Intertech
The global manufacturing company said the addition of the Denver-based customer injection molder will further TriMas Packaging Group’s push into the medical market.
Global manufacturer TriMas (Bloomfield Hills, Mich.) has acquired Intertech Plastics, adding the Denver-based custom injection molder’s two manufacturing facilities, included its ISO 13485 medical molding site, to its TriMas Packaging unit.
Founded by Noel Ginsburg in 1980, Intertech consists of two manufacturing facilities located in Denver. The original facility focuses on molded products and assemblies for consumer and industrial applications. In 2013, the company acquired Image Molding, entering into the medical space. That purchase gave Intertech an ISO 13485 certified facility with a Class 8 controlled environment and MedAccred accreditations. In 2021, after the addition of five all-electric Toyo injection molding machines, Intertech reported having 55 total injection molding machines, ranging in clamp force from 35 to 1500 tons.
In a release, TriMas reported that Intertech generated approximately $32 million in revenue in fiscal year 2021, as a private, family-owned company. Thomas Amato, TriMas president and CEO, said the purchase of Intertech combined with TriMas’ December 2021 acquisition of Omega Plastics (Clinton Township, Mich.) and the company’s existing presence in pharmaceutical and nutraceutical applications, will now expand its product offerings into the life sciences market. In July 2021, TriMas announced the construction of a 230,000-ft2 greenfield molding site in New Albany, Oh., scheduled to begin production in the second quarter of 2022.
TriMas reported that Jim Kepler, Intertech’s president, along with the Intertech leadership team, will remain with Intertech and report to Fabio Salik, president of TriMas Packaging. The Intertech acquisition represents TriMas’ sixth in the packaging market since early 2019, and its second with existing products, injection molding capabilities and customer approvals in the medical technology end market. A global manufacturing business with approximately 3500 employees in 12 countries, TriMas divides its company into three distinct units: TriMas Packaging, TriMas Aerospace, and TriMas Specialty Products. In a presentation on 2021 results, TriMas reported that Packaging accounted for 62% of revenue, compared to 22% for Aerospace and 16% for specialty products.
TriMas’ acquisition of Intertech Plastics gives the company additional cleanroom production space.
Photo Credit: TriMas
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