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

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

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.

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

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData
"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."

Packaging Gateway Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Packaging Gateway Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving packaging industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now