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Empire Precision Plastics makes assets buy

Empire Precision Plastics will add jobs and services as a result of its assets’ purchase of Advanced Mold & Tooling Inc. in Gates.

The deal also expands the Rochester-based Empire Precision’s tooling and manufacturing capabilities and increases its ability to build tools used in the medical, industrial, firearms and electronics industries, Empire Precision leaders said.

Financial details of the deal were not provided.

Empire Precision provides product development, prototyping and component assembly as well as injection molding services. It ranked 10th on the most recent Rochester Business Journal list of optics and imaging firms.

The company hired 12 employees from Advanced Mold & Tooling as a result of the deal announced this month, increasing Empire Precision’s workforce to 108 people, said Keith Bradt, Empire Precision’s business development manager.

Empire Precision is also adding tool-making equipment and high-speed, numerically controlled milling as a result of the acquisition—a move that will expand its in-house tool room, company leaders said.

The business also will be able to offer tooling-only services to their customers.

Previously, Empire Precision’s tooling employees were able to review customers’ tool designs and offer suggestions to improve part manufacturability and quality, as well as plan and manufacture plastic injection molds for use in Empire Precision’s facilities.

In addition, Empire has obtained several molding machines, which will increase its precision injection molding ability and overall output.

“We’re excited to be able to design, manufacture and validate tools for clients to do their own molding,” said Neal Elli, Empire Precision president, in a statement. “This is one more way we can help customers go to market faster.”

Elli started the business in 1992 after working in sales and management roles at manufacturing firms.

The business began as a pure injection molding shop doing mostly overflow work for other businesses, he explained. Over time it extended its capabilities, offering more services and expanding its customer base.

Today, Empire Precision serves the health care, industrial, optics, firearms and military/aerospace markets.

Its customers are stretched out along the East Coast as far south as Florida and extend west to Washington. Empire Precision also does business internationally, working with customers in Asia and the Caribbean.

Empire Precision has been at its location on Lee Road since 2004 and has since added space there for optics operations, office work and warehouse needs. Prior to that, it was on Oak Street, where Rhinos Stadium now stands.

Acquisitions have helped fuel the company’s growth. In February, Empire Precision announced it had acquired passive infrared lens fabrication equipment formerly owned by Orafol Display Optics, further expanding its ability to serve the optics community.

In 2012, it acquired Rochester-based Lightwave Enterprises Inc., a provider of polymer optics. The deal expanded Empire Precision’s capabilities in the optics arena and opened new opportunities in markets that include biomedical and lighting.

12/30/2016 (c) 2016 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email rbj@rbj.net.
 

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