Sweden’s Rosti is shaping a future in America with PCI purchases
The injection molding and contract manufacturer Rosti Group AB has a global footprint that extends across Sweden, where it is headquartered in Malmö, Germany, the United Kingdom and Eastern Europe to Turkey, Malaysia and China. The missing piece in the geographical puzzle was the United States. . . until now. The company announced yesterday on its website that it has acquired Plastic Components Inc. (PCI) from the private equity company MPE Partners.
Founded more than 75 years ago, Rosti serves leading manufacturers in the packaging, household appliances, business machines, medicine and automotive sectors through strategically located production facilities in Europe and Asia-Pacific. Its extensive possibilities include marking and decoration in the form, blow molding, overmolding and production of clean rooms.
PCI is based in Germantown, WI, with additional facilities in Cary, NC and Clearfield, UT. PCI was founded in 1989 and acquired by MPE Partners in March 2017 and manufactured thermoplastic components for various applications, including flow control, consumer products, pool and water sports, automotive technology, small motors and medical equipment. It has obtained US patents for the manufacturing process for extinguishing light at its Bunsen Drive facility, which allows the manufacture of components without direct human intervention. The extensive use of state-of-the-art material handling and partial transport systems and robotics has enabled the company to remain globally competitive, says PCI.
CEO Jonas Persson noted that M&A is an important part of Rosti’s growth strategy and said that PCI’s extensive expertise in engineering and process technology makes it a good partner for Rosti.
Derrill Rice, President and CEO of PCI, will continue to lead PCI’s existing management team, the announcement said.
“As President and CEO of PCI, an industrial injection molding machine, I am pleased to work with Rosti, which has also been injection molding for over 75 years,” says Rice. “Owned by Nordstjernan, an ethical company with financial strength, this acquisition is part of their long-term investment strategy. Combining our two highly skilled workforces will help us expand our capacity on a global scale.”