NEWS

GW Plastics Acquires Ireland-based Avenue Mould Solutions

Thursday, Jul 20, 2017

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  30years. 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, Arizona; 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.”

 

Source:gwplastics.com

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