Tempe, AZ: Molded Devices Inc. (MDI), a full service contract manufacturer & custom molder headquartered in Tempe, AZ, with additional facilities across North America, announced the acquisition of Piedras Negras, Mexico-based Hamar/GIC, located approximately 200 miles south of San Antonio, Texas.
Hamar/GIC currently serves a number of Fortune 100 customers with value-add assembly services. Plans call for Hamar/GIC to expand its capabilities into blow molding and injection molding in the near term.
The Hamar/GIC operations will continue to be led by Gabriel Bustamante, a highly talented, degreed engineer from Texas A&M University. Mr. Bustamante has overseen the success of Hamar/GIC for over 20 years and is a welcome addition to the MDI family.
“MDI’s intent behind the acquisition of Hamar/GIC is to grow our Midwest footprint with U.S. original equipment manufacturers wishing to capitalize on the molding and low-cost assembly services the Hamar/GIC plant offers,” commented Brian Anderson, CEO of MDI.
With the addition of Hamar/GIC’s Mexico operations, MDI has expanded its geographic footprint as well as it capabilities. MDI also has manufacturing facilities in New York, Pennsylvania, Ohio, Wisconsin and California; offering a wide range of services that include product design and development, industrial engineering, custom molding and assembly as well as unique services in dip molding for a variety of markets including medical, industrial, defense & aerospace, electrical, and more.
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