GW Plastics07.19.17
In response to growing customer demand in the medical device market, GW Plastics announced today its purchase of Avenue Mould Solutions, a premier precision mold building, machining, and injection molding company based in Sligo, Ireland. This acquisition will give GW Plastics unparalleled global precision mold-making and advanced manufacturing capability to support customers on three continents.
“GW Plastics is thrilled to partner with the Avenue team,” said Brenan Riehl, GW Plastics president and CEO. “Avenue Mould Solutions brings to GW Plastics an experienced and highly-skilled advanced manufacturing workforce, an award-winning mold-building company, and a growing medical device contract manufacturing business that has been successfully serving Ireland and other markets for 30 years. We are pleased that Avenue has decided to join GW Plastics and help us continue to expand our capabilities to better meet our customers’ needs on a global basis.”
This acquisition will give GW Plastics a unique industry position with precision mold-building facilities in North America, Asia, and Europe, in addition to injection molding and contract manufacturing. Avenue Mould Solutions brings to GW Plastics expertise in building ultra-high-cavitation tooling up to 192 cavity molds for the medical device, diagnostics, and pharmaceutical markets.
“We are delighted to partner with GW Plastics,” said Felim McNeela, Avenue Mould Solution’s managing director and a founder. “We were drawn to the cultural fit and vision our companies share and the capital and resources GW Plastics will bring to Avenue to help us better serve our customers.” McNeela stressed that Avenue will continue to serve its existing customers and offer mold-building for customers who wish to do their own injection molding. “GW Plastics does not wish to change Avenue’s successful history of supplying tooling to our injection molding and contract manufacturing customers,” said McNeela.
In the last two years, GW Plastics has completed expansions of its San Antonio, Texas; Tucson, Ariz.; and Dongguan, China facilities, as well as its thermoplastics and silicones manufacturing and mold-building facilities in Royalton, Vermont. “GW Plastics has enjoyed ongoing year-over-year record revenue, and we are committed to supporting this growth by continuing to invest for our customers, worldwide,” said Riehl. “We are excited to add the European presence that Avenue Mould Solutions brings to us and our customers.”
“GW Plastics is thrilled to partner with the Avenue team,” said Brenan Riehl, GW Plastics president and CEO. “Avenue Mould Solutions brings to GW Plastics an experienced and highly-skilled advanced manufacturing workforce, an award-winning mold-building company, and a growing medical device contract manufacturing business that has been successfully serving Ireland and other markets for 30 years. We are pleased that Avenue has decided to join GW Plastics and help us continue to expand our capabilities to better meet our customers’ needs on a global basis.”
This acquisition will give GW Plastics a unique industry position with precision mold-building facilities in North America, Asia, and Europe, in addition to injection molding and contract manufacturing. Avenue Mould Solutions brings to GW Plastics expertise in building ultra-high-cavitation tooling up to 192 cavity molds for the medical device, diagnostics, and pharmaceutical markets.
“We are delighted to partner with GW Plastics,” said Felim McNeela, Avenue Mould Solution’s managing director and a founder. “We were drawn to the cultural fit and vision our companies share and the capital and resources GW Plastics will bring to Avenue to help us better serve our customers.” McNeela stressed that Avenue will continue to serve its existing customers and offer mold-building for customers who wish to do their own injection molding. “GW Plastics does not wish to change Avenue’s successful history of supplying tooling to our injection molding and contract manufacturing customers,” said McNeela.
In the last two years, GW Plastics has completed expansions of its San Antonio, Texas; Tucson, Ariz.; and Dongguan, China facilities, as well as its thermoplastics and silicones manufacturing and mold-building facilities in Royalton, Vermont. “GW Plastics has enjoyed ongoing year-over-year record revenue, and we are committed to supporting this growth by continuing to invest for our customers, worldwide,” said Riehl. “We are excited to add the European presence that Avenue Mould Solutions brings to us and our customers.”