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Latest Summit Plastics News
Feb 10, 2021
Private equity firm Core Industrial Partners buys Summit Tooling and Summit Plastics Founded in 1996 and headquartered in McHenry, Ill., Summit provides injection mold design, precision moldmaking and close-tolerance injection molding with a specialty in small-to-medium prototype injection molds. February 10, 2021 Canadian Plastics Chicago-based private equity firm Core Industrial Partners has acquired tooling and injection molding suppliers Summit Tooling Inc. and Summit Plastics Inc. by its portfolio company Fathom. The precision tooling and injection molding supplier is the fourth add-on acquisition to the Fathom platform since Core made its initial investment in 2018. The terms of the deal have not been disclosed. Founded in 1996 and headquartered in McHenry, Ill., Summit provides injection mold design, precision moldmaking and close-tolerance injection molding with a specialty in small-to-medium prototype injection molds. The company has more than 30 machines. Summit’s in-house metalworking capabilities include engineering design, sheet metal shearing, punching and bending, roll forming, hardware integration, welding, grinding, polishing, painting and assembly. The company operates a 26,000-square-foot facility. “Summit’s leading customer base includes some of the largest and most recognizable players in the medical and packaging spaces,” Matthew Puglisi, Partner of Core, said in a news release. “This acquisition significantly enhances Fathom’s domestic injection molding and tooling capabilities, and we’ll continue to actively pursue acquisitions, similar to Summit, that simultaneously broaden our customer base, enhance our service offering, and deepen our presence in attractive, recession-resistant end markets.”
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Summit Plastics Frequently Asked Questions (FAQ)
When was Summit Plastics founded?
Summit Plastics was founded in 1994.
Where is Summit Plastics's headquarters?
Summit Plastics's headquarters is located at 107 S. Laurel Street, Summit.
What is Summit Plastics's latest funding round?
Summit Plastics's latest funding round is Acq - Fin.
Who are the investors of Summit Plastics?
Investors of Summit Plastics include LongueVue Capital.
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