Share

Custom thermoforming manufacturer Universal Plastics has completed the acquisition of US-based Mayfield Plastics.

The acquisition is expected to help Universal Plastics enhance its custom plastic thermoforming business.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

According to Universal Plastics, the reason behind the acquisition is to provide Mayfield with additional management, technical and financial support.

Both Mayfield and Universal will maintain their facilities, brand, employees and procedures.

Universal Plastics stated that its planned investment in Mayfield will enable the company to continue to meet customer needs and support existing business and new business.

See Also:

The transaction will help both firms to operate with combined capabilities for better productivity and capacity within custom thermoplastic manufacturing.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
"This merger will benefit customers through our increased capacity in custom thermoforming, broader range of secondary services in trimming, and enhanced operational efficiencies and value added services."

Universal Plastics owner Jay Kumar said the transaction strengthens both Mayfield and Universal Plastics.

"The combined entity will be among the largest custom thermoformers in the Northeastern United States and with greater scale, we are well-positioned to provide customers with top quality products and excellent service in meeting their thermoformed plastics needs," added Kumar.

"Specifically, this merger will benefit customers through our increased capacity in custom thermoforming, broader range of secondary services in trimming, and enhanced operational efficiencies and value added services.

"Everyone I’ve spoken to at both Mayfield and Universal is excited about this merger and to be working together to meet all of our customers’ plastics needs.

"Above all, we value our relationships with our customers and are committed to maintaining and growing the value that we provide to them."