- Preformed Line Products ( NASDAQ: PLPC ) has announced that it has acquired substantially all of the assets of Pilot Plastics.
- With multiple state-of-the-art presses and a highly experienced production team, the Pilot acquisition will expand PLP's injection molding capabilities and further enhance the company's extensive manufacturing footprint.
- For PLP, this investment will support future growth in the company's industry-leading COYOTE ® fiber optic connectivity devices and FIBERLIGN ® hardware solutions.
- PLP plans to gradually transition product line manufacturing and additional capacity to Pilot throughout the year.
- "Combining our forces further strengthens and supports manufacturing in this important region," said Mick Jendrisak, President and CEO of Pilot Plastics.
For further details see:
Preformed Line Products acquires Pilot Plastics, terms not disclosed