The Universal Plastics Group of Holyoke, Massachusetts is pleased to announce the successful completion of the purchase of Premium Plastic Solutions, a blow molding company based in Latrobe, PA, on December 15th, 2017.
Premium Plastic Solutions (PPS) is the fourth member of the Universal Plastics Group (UPG), joining custom thermoformers, Universal Plastic and Mayfield Plastics, and large part injection molder, Sajar Plastics. It is the second company acquired by the Group in 2017, following the addition of Sajar Plastics at the end of June.
Premium Plastic Solutions’ (PPS) deep expertise, experience and strong resume in large-part blow molding complements the custom thermoforming and large part injection molding capabilities of Universal Plastics Group and further expands the offering so that UPG can be a supplier of choice for its many OEM customers.
Jay Kumar, President and Owner of the UPG family of companies noted, “The Universal Plastics Group of companies is extremely excited by the addition of Premium Plastic Solutions. PPS brings a deep understanding and a long history of blow molding to UPG. It rounds out our capabilities in important ways, adding to the thermoforming and injection molding skills. With this acquisition, our goal is to meet every need of a prospective user of large molded plastic parts through a UPG company. We are creating a unique capability to serve multiple industries needing large, complex and attractive parts. Further, we now include the molding technologies appropriate for nearly any volume level, from prototyping to high volume injection and blow molding, making us an attractive place for our customers to do ‘one stop shopping.’ I intend to invest in continuing the growth of PPS alongside the other Universal Plastics Group companies.”
Mr. Kumar added that the proximity of PPS to Sajar Plastics in eastern Ohio allows UPG to complement the PPS team with key leadership and technical staff from Sajar Plastics. Larry Nowak, President & CEO of Sajar Plastics, will assume similar responsibilities for PPS. Larry noted that after spending a considerable amount of time at PPS over the last several weeks, he is, “extremely pleased with the quality of the key PPS team leaders, the dedication, energy and skill of the PPS team members throughout the organization, and the quality and service they provide to their customers.”
All members of the PPS staff will continue in their current roles.