Injection molder Castino sells to Philpott Solutions

Plastics and rubber processor Philpott Solutions Group has acquired Romulus-based plastics injection molder Castino Corp. for an undisclosed price.

In a news release, officials with Philpott in Brunswick, Ohio, said that acquiring Castino is "a major expansion of [Philpott's] capabilities." They added that the deal — completed in March — allows Philpott to build tooling and expand its capabilities, which range from custom molded and extruded rubber parts to polymer parts and specialty products.

The acquisition will ensure that Philpott can better serve customers and meet more of their needs, according to President and CEO David Ferrell.

"The purchase went smoothly and we have every expectation that the integration will be seamless as well," Ferrell added.

Carrie Castino had owned Castino with her late husband, Robert Castino Jr. She said that Philpott "shares our values and commitment to customers. ... We know they'll succeed with what we've established over many decades."

Castino specializes in thermoplastic and polyurethane molding and has one plant in Romulus and one in Walnut Ridge, Ark. Those locations have injection molding machines, which range from 100 to 625 tons and make millions of pieces for OEMs. Officials said the 43-year-old company is known for its automotive experience and has long been a Tier 1 and Tier 2 supplier to OEMs.

Castino's capabilities range from in-house machining to rapid prototyping. The company was advised on the deal by MBS Advisors of Florence, Mass.

Philpott has plants in Brunswick and Aurora, Ohio. The company was founded in 1889 and sells into industrial, commercial and government market sectors.

"Purchasing Castino at this time makes perfect sense for our current and future customers as well as our employees and the Castino employees who are joining Philpott Solutions Group," Ferrell said.

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