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Las Vegas–based Westfall Technik has been on an explosive growth trajectory since its founding in late 2017 through the acquisition or launch of at least 19 businesses across North America. Just before the July 4 holiday weekend, it announced its newest acquisition, Carolina Precision Plastics (CPP; Asheboro, NC), an injection molder serving the beauty care, cosmetics, beverage, and consumer goods markets. The deal expands Westfall’s geographic footprint in the southeastern United States as well as China and brings a “supply-chain advantage when it comes to serving key customers in both the packaging and healthcare sectors,” said Merritt Williams, Westfall Technik's Chief Commercial Officer.
CPP runs about 100 injection molding machines in two facilities in North Carolina and one plant in Kaiping, China, according to the announcement. It also has expertise in secondary services, such as high-volume, fully automated assembly and sophisticated decorating capabilities.
“This is just the next step in creating a truly world-class molding and tooling business that is built on a strong culture and unquestionable customer service,” said Westfall CEO and founder Brian Jones.
CPP reportedly is a leader in North America in the injection molding of heavy-wall PET jars. It also has a strong sustainability profile, and is a significant user of recycled resins and biopolymers in its products.
“This highly strategic, synergistic deal greatly strengthens our presence in the fast-moving consumer goods segment,” said Mark Gomulka, Westfall’s Chief Operating Officer. “CPP Global is a valued packaging supplier to several leading personal care and beauty companies, such as L’Oréal (serving their L’Oréal Paris and Kiehl’s brands), Estée Lauder, and Burt’s Bees, among others.”
The terms of the transaction were not disclosed.
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