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Cretex acquires Pacific Plastics in latest deal.
May 24, 2011
By: Laura Sassano
Cretex Companies Inc. has acquired Pacific Plastics & Engineering, a contract manufacturer of tight tolerance injection-molded, assembled and packaged devices for the medical and biotechnology markets. Pacific Plastics & Engineering’s services include engineering, design, tooling construction, prototype, short-run and production molding and assembly. “We are delighted to add Pacific Plastics & Engineering to the Cretex family of companies,” said Lynn Schuler, CEO of Cretex. “The acquisition continues our growth in the medical market and gives us a presence in the Bay Area, where medical device startup activity remains strong.” Pacific Plastics & Engineering founders Stephanie and Jack Harkness will work with Cretex executives to guide business after the transition. “With this transfer of ownership, we can assure our employees and customers that it’s business as usual,” Stephanie Harkness said. “The acquisition by Cretex ensures our legacy in the medical device industry and offers complimentary capabilities to our customers.” Cretex’s current medical portfolio also includes RMS Medical Parts Machining, Meier Tool & Engineering, Inc. and Juno, Inc.
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