Sofia Martinez
Proto Plastics Inc., a plastic fabrication company based in Tipp City, Ohio, was acquired by Thogus Products Company on October 10, 2019. Thogus, a medium to high-volume plastic injection molding company, was also an Ohio-based family-owned business. Proto Plastics, founded in 1969, specialized in low-volume plastic injection molding and contract manufacturing, serving over 80 customers across various industries. The acquisition of Proto Plastics by Thogus was facilitated by MBS Advisors, with the merged entity now offering expanded capabilities and end-to-end product and service offerings to the plastics industry.
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What You'll Learn
- Proto Plastics Inc. was bought by Thogus Products Company
- The Tipp City company was founded in 1969
- Proto Plastics is a low-volume plastic injection moulding company
- Thogus is a medium-to-high-volume plastic injection moulding company
- Proto Plastics has over 80 customers across a wide range of industries
Proto Plastics Inc. was bought by Thogus Products Company
The acquisition by Thogus Products Company, also a family-owned company, was facilitated by MBS Advisors. The two companies were first connected at a conference by MBS Advisors a few years prior to the acquisition. The acquisition was a strategic fit, as Proto Plastics' core competencies filled a niche that Thogus had been missing in its customer service offerings.
Matt Hlavin, CEO of Thogus, expressed excitement about the addition of Proto Plastics' capabilities to their service offering. He stated that the cultural alignment between the two companies would enable them to provide exceptional services to their customers. Proto Plastics will continue to operate under its own name and with the same management team in Tipp City, Ohio, while Thogus gains access to Proto Plastics' expertise, infrastructure, and market presence.
The acquisition resulted in Thogus having over 200,000 sq. feet of manufacturing and warehouse space, 52 molding machines and 12 3D printing machines across three facilities. This expansion positions Thogus to provide end-to-end product and service offerings to the plastics industry, catering to a diverse range of customer needs and reinforcing their position in the market.
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The Tipp City company was founded in 1969
Proto Plastics, a company based in Tipp City, Ohio, was founded in 1969. It is a low-volume plastic injection moulding and contract manufacturing company, specialising in technically demanding, close tolerance parts and assemblies. Proto Plastics has experienced tooling design engineers who work with clients to ensure their product design is ready to be manufactured or moulded.
The company serves over 80 customers across a wide range of industries, including automotive, aerospace, medical, electronics, telecommunications, industrial, and business equipment. Proto Plastics has a large 65,000 sq. ft. production facility and warehouse space in Tipp City, where it employs 31 people and runs 17 injection moulding machines.
In 2019, Proto Plastics was acquired by Thogus Products Company, a family-owned, medium to high-volume plastic injection moulding company and contract manufacturer based in Avon Lake, Ohio. The acquisition was facilitated by MBS Advisors, who represented Proto Plastics in the transaction. Thogus CEO Matt Hlavin stated that the addition of Proto Plastics' capabilities would enhance their service offering and that the two companies shared a cultural alignment.
Following the acquisition, Thogus gained access to Proto Plastics' expertise in low-volume plastic injection moulding, rapid prototyping, and 3D production printing. This acquisition allowed Thogus to expand its range of services and better serve its customers. Proto Plastics continues to operate under its own name and with the same management team, ensuring business continuity and maintaining the relationships that Proto Plastics had cultivated over the years.
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Proto Plastics is a low-volume plastic injection moulding company
Proto Plastics Inc., a low-volume plastic injection moulding company, was acquired by Thogus Products Company on October 10, 2019. Proto Plastics was founded in 1969 and is based in Tipp City, Ohio. The company has over 80 customers across a wide range of industries, including automotive, aerospace, medical, electronics, telecommunications, and more.
Proto Plastics specializes in technically demanding, close tolerance parts and assemblies. They have experienced tooling design engineers who work with clients to ensure their product designs are ready for manufacturing or moulding. The company offers a range of services, including converting metal parts to plastic injection-moulded parts, tooling transfer programs, and rapid prototyping.
Thogus, a family-owned custom injection moulder, has highlighted the strategic benefits of the acquisition. By adding Proto Plastics' capabilities, Thogus can now offer end-to-end product and service offerings to the plastics industry. The combined entity will have over 200,000 sq. feet of manufacturing and warehouse space, 52 moulding machines, and 12 3D printing machines across three facilities.
Matt Hlavin, CEO of Thogus, expressed excitement about the acquisition, stating that the Proto Plastics team and culture align with their existing companies, enabling them to provide exceptional service to their customers. Proto Plastics will continue to operate under its own name and with the same management team in Tipp City, ensuring business continuity and a smooth transition.
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Thogus is a medium-to-high-volume plastic injection moulding company
Proto Plastics Inc., a plastic fabrication company based in Tipp City, Ohio, was acquired by Thogus Products Company on 10 October 2019. Thogus is a medium-to-high-volume plastic injection moulding company and contract manufacturer.
Thogus, also based in Ohio, was a natural fit for Proto Plastics as both companies are family-owned with similar cultures and no overlap in customers. Thogus was also able to fill a strategic niche in its customer service offering with Proto Plastics' core competencies.
Proto Plastics was founded in 1969 and is a low-volume plastic injection moulding and contract manufacturing company. It specialises in technically demanding, close tolerance parts and assemblies. The company operates out of a 65,000 square-foot facility with 32 employees and 17 injection moulding machines.
With the acquisition, Thogus now has over 200,000 sq. feet of manufacturing and warehouse space, 52 moulding machines, and 12 3D printing machines across three facilities. The addition of Proto Plastics' capabilities allows Thogus to offer end-to-end product and service offerings to the entire plastics industry.
Thogus' CEO, Matt Hlavin, expressed excitement about adding Proto Plastics' capabilities to their service offering. He stated that the collection of capabilities within one organisation would enable them to better support new and existing customers. Proto Plastics' team and culture align with Thogus' existing companies, ensuring that customers receive the best possible service.
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Proto Plastics has over 80 customers across a wide range of industries
Proto Plastics Inc. was acquired by Thogus Products Company on October 10, 2019. Proto Plastics, founded in 1969, is a low-volume plastic injection molding and contract manufacturing company. It has experienced design engineers who work with clients to ensure their product design is ready to be manufactured or moulded.
The company has a 65,000 sq. ft. production, assembly, and mould-building and repair facility in Tipp City, Ohio. It designs, manufactures, assembles, and distributes plastic injection moulding tools and parts. Proto Plastics specializes in technically demanding, close-tolerance parts and assemblies.
The acquisition by Thogus Products Company, a medium to high-volume plastic injection molding company, was a strategic fit as it added capabilities in lower volume molding, machining, and value-added services to its existing offerings. The combined entity now provides end-to-end product and service offerings to the plastics industry.
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Frequently asked questions
Proto Plastics, a family-owned company, was acquired by Thogus Products Company on October 10, 2019.
Thogus is a medium to high-volume plastic injection molding company and contract manufacturer.
Proto Plastics' core competencies filled a strategic niche that Thogus had been missing in its customer service offering.
Proto Plastics continued to operate under its own name and with the same management team in its Tipp City location. The company now had access to higher volume molding, rapid prototyping, and 3D production printing capabilities.
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