Manufacturing Today - January/February 2017 - 127

Plastic Molding Manufacturing

injection molder that was underperforming and losing
money. Plastic Molding Manufacturing cut ResTech's
expenses by centralizing some of its operations, freeing
it to focus on customers and sparking a turnaround.

Ramping Up Acquisitions
ResTech turned out to be just the first in a string of acquisitions during the next six years. Plastic Molding Manufacturing's Danis began looking for similarly troubled
injection molders that made quality products, but needed help in streamlining the business. In 2013, Danis purchased Connecticut-based TechAtlantic and a year later
he bought Northeast Mold. The latest acquisition came
in 2016, when Danis acquired Aucilla Plastics, based in
South Bend, Ind.
In each case, Plastic Molding Manufacturing centralized the facility's overhead - accounting, marketing, purchasing and IT - while keeping the manufacturing jobs
in place. Danis is proud that many of the plant managers
and employees who worked at those companies before
being acquired are still in place today.
Eliminating the individual ownership and redundant
back office functions enabled those facilities to operate
profitably. "It really has been a very interesting and successful process," he says. "It helps our people, alongside
our corporate growth."
Although some functions have been centralized, the
facilities themselves run independently. "Our people are
very committed to succeed," Danis says. "We have totally
left them alone. The only thing we expect from them is a
daily report in various areas."
A major way in which Plastic Molding Manufacturing
is serving its employees is through improved health benefits. At a time when many businesses are scaling back
medical plans in the face of rising rates, Plastic Molding
contributes 70 percent of the cost of insurance plans
and worked to increase employee participation from 55
percent to 70 percent. Providing an attractive insurance
package helps Plastic Molding Manufacturing's recruiting efforts, but Danis says it's even more important in
protecting current employees. "Most companies are going the other way so it's very important we're helping our
employees," he explains.
Between its four facilities, Plastic Molding Manufacturing operates 108 injection molding machines, including six within a clean room at its Massachusetts plant set
aside for medical products and four two-shot injection
machines at its Connecticut plant. The combined pro-

Northeast

duction of all four facilities tops a million parts per day
and two plants are equipped for a 500-ton capacity to
handle the largest items.
The company continues to upgrade its capabilities
and recently finished a $1 million investment in tools
and automation at its Massachusetts facility. "It is important to stay ahead of the expectation of your customers in the technology," Danis says of the need to
continually invest in the facilities.
Plastic Molding Manufacturing's expansion during the
past four years is allowing the company to better serve
existing clients through both capacity and engineering.
"A lot of our big customers expect and need to have a contingency plan, which we are able to provide by having four
plants," Danis says.
Danis wants to take the company's services to an even
larger audience. He is negotiating with independent injection molders in Ohio, the Carolinas and San Francisco
about purchasing their operations. "Soon we hope to expand further south and further west," he says. mt

JANUARY/FEBRUARY 2017 manufacturing-today.com

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Table of Contents for the Digital Edition of Manufacturing Today - January/February 2017

Table Of Contents
Manufacturing Today - January/February 2017 - Cover1
Manufacturing Today - January/February 2017 - Cover2
Manufacturing Today - January/February 2017 - 1
Manufacturing Today - January/February 2017 - Table Of Contents
Manufacturing Today - January/February 2017 - 3
Manufacturing Today - January/February 2017 - 4
Manufacturing Today - January/February 2017 - 5
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Manufacturing Today - January/February 2017 - Cover3
Manufacturing Today - January/February 2017 - Cover4
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