Indianapolis-based Echo Engineering and Production Supplies Inc. has acquired Ammex Plastics in Michigan. Financial terms were not disclosed, however the plastic injection molding company says the deal will allow Echo to increase its product offerings and its market share within the automotive plastics industry.
As part of the acquisition, Ammex Plastics will continue to operate under the Echo umbrella. Ammex employs 47 full-time workers and Echo says the company is currently awaiting delivery of new equipment in order to increase its production.
"Ammex Plastics sets the bar when it comes to providing quality components, ensuring peace of mind for their customers resulting in an unprecedented customer retention rate," said Kingdon Offenbacker, chief executive officer of Echo Engineering. "Echo’s core technologies and Ammex’s product offerings align seamlessly. And Ammex’s reputation for producing items of superior quality while maintaining fast turnaround times matches that of The Echo Way, Echo’s commitment to build partnerships and provide lasting solutions for their customers."
Echo Engineering did not state whether any jobs would be created as a result of the acquisition.