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G&F Precision Molding, a Massachusetts firm specializing in silicone and plastic injection molding, announces their acquisition of Form Tech Tool & Mold. Headquartered in Biddeford, Maine, Form Tech was founded in 1990 and provides precision injection molds and manufacturing and engineering support to the medical device industry.
“We’re very excited about this acquisition,” says John J. Argitis, president and CEO of G&F Precision Molding. “We’ve had a great relationship with Form Tech for many years and this will be a step forward in G&F’s continuing mission to vertically integrate, invest back into our business and provide more options and better service to our customers.”
“This acquisition will enhance our ability to service our customers with speed, efficiency and technical support at the highest level,” adds Nirav Patel, vice president of G&F Precision Molding. “The culture at Form Tech is well-aligned with G&F’s and our strategic customers will benefit the most with Design for Manufacturability support, prioritized service and world-class molds.”
Under the new ownership, the company will be re-named Form Tech Mold and Engineering. They will maintain operations in Biddeford under the leadership of Michael Lamontagne and continue to support the entire molding industry with in-house mold design and build, prototyping and engineering services.
