BOW – PlasTech Machining Fabrication, Inc. has been acquired by DelCam Holdings and will become part of DelCam Manufacturing, a private group that includes a variety of New England-based manufacturing and fabrication companies.
Ken Schaefer and John Howe of Business Transition Services, an M&A firm serving the lower mid-market based in Pembroke, New Hampshire and Andover, Massachusetts, coordinated the transaction and represented the sellers, Lou and Claire Ferriero.
The transaction closed on November 6. Terms are private.
The company was started in 1997 by the Ferrieros, and it has steadily expanded operations through the years.
DelCam has acquired the manufacturing site in Bow at 25 Dunklee Road and is committed to keeping the company in its current location.
PlasTech is known for providing world-class plastics machining and fabrication services to the medical, high tech, and other industries. The company applies the latest techniques and equipment. Its commitment to continuous improvement and high-quality standards has earned it loyalty and repeat business.
“Our intention is to continue this relentless focus and enhance it with further investment,” commented Stephen Trotta on behalf of DelCam Manufacturing.
“We really appreciate the approach the buyers are taking to preserve our legacy, keep operations in New Hampshire, preserve the jobs, and with plans to expand,” said Lou Ferriero.
He also offered praise for assistance provided by BTS in helping him and Claire prepare for the transition and sale. “It took about a year, but the BTS team – Ken Schaefer and John Howe – were with us at every step of the way, including the COVID period which prevented plant visits by prospective buyers,” he said.
The sellers were represented by the Concord law firm Orr & Reno, including attorneys Brad Melson and Peter Burger. The buyers were represented by the Laconia law firm Normandin, Cheney & O’Neil, including attorneys Kaitlin O’Neil and Robert Dietz.