Mold-Masters acquires controller manufacturer PMS Systems

Mold-Masters Ltd. (Georgetown, ON) announced the acquisition of PMS Systems Ltd. (Hereford, UK). The combined businesses will become one of the world’s largest hot runner controller manufacturing companies, and the global leader in hot runner control technology, said Mold-Masters in its announcement.

“Mold-Masters and PMS have worked together for many years in the development and supply of the highest-quality and -performance microprocessor-based temperature controllers,” said Jonathon Fischer, president and CEO of Mold-Masters. “This seamless working relationship has enabled our two companies to take the next natural step and become a single company. We believe strongly in the strengths of PMS and together we will create additional value for our growing customer base.”
   
Mold-Masters Ltd. designs and manufactures hot runner systems, temperature controllers, and complete hot half solutions. Its support network spans more than 40 countries, with facilities in North America, South America, Europe, and the Pacific Rim.
   
Bruce Catoen, Mold-Masters’ VP of marketing and product development, told PlasticsToday earlier that the acquisition has great potential for customers. “We know the PMS control technology very well. It’s excellent and a great complement to Mold-Masters’ hot runner products. Extending its reach through our global distribution and support network is both a logical move for us, and a definite benefit to customers.”
   
Iain Nunn, director and one of the three founders of PMS, commented, “We see tremendous synergies between Mold-Masters and PMS. We are very excited about the opportunities that will emerge as a result of this transaction since we both share the same common goal to be the industry’s number-one choice for hot runner technology.”
   
PMS Systems Ltd., founded in 1974, claims to offer the widest range of hot runner control products from any worldwide manufacturer. All design and manufacturing of the control products is done in-house.
   
Mold-Masters will also retain the PMS distributor network that includes IMSI (Innovative Manufacturing Solutions Inc.), which was founded in 2008 by a group of former American MSI regional business managers to promote and sell hot runner controller products in North America, Puerto Rico, and Mexico. IMSI has offices in Boston, Chicago, Cleveland, and Raleigh, NC. 
     
“We are very pleased that the existing PMS distributors have agreed to come on board with the new organization,” said Patrick Bennett, executive VP of sales for Mold-Masters. “Distributors such as IMSI and others bring significant knowledge and relationship in hot runner controls. Combining the strength of this network with the industry’s most advanced controllers is a powerful combination of technology and experience.” —Clare Goldsberry