Innova Engineered Plastics Broadens Portfolio with Acquisition

Innova Engineered Plastics Expands Its Horizons

Innova Engineered Plastics, a significant player in the realm of heavy gauge plastic solutions, has recently taken a bold step. They have acquired PolyCraft Tech, a respected manufacturer specializing in precision cast urethane. This acquisition marks a strategic enhancement to Innova's operational capacity and geographical reach.

A New Chapter for Innova

With over 25 years of expertise under its belt, PolyCraft Tech adds substantial value. The company excels in producing precision cast urethane enclosures and components, which are essential in various applications. These include products for medical devices, aerospace, and prototype development.

Strengthening Expertise and Capabilities

Mark Rauenzahn, CEO of Innova, expressed enthusiasm about the integration of PolyCraft Tech into their operations. He emphasized that the expertise gained will significantly bolster their offerings, particularly in providing quick and efficient production for technically challenging components.

Commitment to Growth and Innovation

Adam Cook, the Chief Investment Officer of Culper Capital Partners, reiterated their commitment to Innova's growth strategy. He highlighted the company's focus on acquiring complementary businesses that amplify Innova's capabilities and service quality, thereby reinforcing their position in the market.

Enhanced Production and Local Support

This acquisition not only strengthens Innova's operational footprint but also significantly enhances response times and production capacity. With PolyCraft Tech's facilities in San Diego, Innova can now offer tailored local support to its West Coast clientele. Their strategic locations now include:

• A design and innovation hub in Shirley, MA
• A state-of-the-art production facility in Mexicali, Mexico
• A specialized center for cast urethane excellence in San Diego, CA

The Broader Implications for Innova's Strategy

As Innova continues on its path of growth, its commitment to providing comprehensive solutions across diverse sectors remains steadfast. The company offers a plethora of services including design, thermoforming, injection molding, and reaction injection molding.

About Innova Engineered Plastics

Formerly known as ThermoFab, Innova prides itself on being a leader in engineered heavy gauge plastic enclosures. Their products cater to a wide array of industries, including Medical Device & Life Sciences, Aerospace & Defense, and Data Centers (NASDAQ: INNO). Applications span surgical robotics to cutting-edge genetic sequencing equipment, showcasing their versatility and innovation.

World-Class Precision Engineering

Innova also has a strong foothold in the design and manufacturing of aircraft interior components, known for their precision-engineered solutions that fulfill rigorous performance standards. With experience in overseeing large-scale projects, Innova supports clients through the entire lifecycle of production, from initial designs and prototypes to full-scale manufacturing.

Get in Touch with Innova

Contact: Caitlin Barnhart, Email: cbarnhart@producto.com

Frequently Asked Questions

What recent acquisition did Innova Engineered Plastics make?

Innova Engineered Plastics acquired PolyCraft Tech, enhancing their capabilities in precision manufacturing.

How many years of experience does PolyCraft Tech have?

PolyCraft Tech brings over 25 years of experience in manufacturing precision cast urethane products.

What is the focus of Innova's strategic growth?

Innova's focus is on organic growth and strategic acquisitions that enhance their service offerings and operational scalability.

Where are Innova's facilities located?

Innova operates facilities in Shirley, MA, Mexicali, Mexico, and San Diego, CA.

What industries does Innova cater to?

Innova serves several industries, including medical devices, aerospace, automotive, and data centers.

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