Blyth firm Omega Plastics has agreed a merger with Washington’s Signal Plastics.
The Riverside Business Park firm, believes the deal will cement its standing as the UK’s leading rapid tooling and plastic injection moulding manufacturer.
Group managing director Dave Crone said: “Omega Plastics and Signal Plastics are key players in their field, so it made perfect sense to seize the opportunity.”
“We will create a collaborative partnership and become an even stronger company together.
“Thanks to Signal Plastics’ reputation, experience and expertise, the merger further strengthens our position in the rapid tooling and plastic injection moulding industry.
“While Omega Plastics and Signal Plastics will keep their own brand identities, both will operate under the Omega Group, offering a turn-key solution while maintaining the exceptional service customers of both companies have come to expect.
“Omega Plastics will continue to provide first-class design, tooling, moulding and assembly with the added benefit of specialist high-volume moulding provided by Signal Plastics.
“Using the latest technology and machinery, our friendly and experienced teams will always strive to provide the best solutions for employees, customers and suppliers.”
Omega Plastics, an offshoot of the US firm of the same name, was launched in the UK in 1998 and moved from Gateshead’s Team Valley into its current 10,000sq ft Coniston Road factory in 2007 after a change of management the year before.
It also opened a factory of the same size in Hartlepool in 2012.
Signal Plastics, founded in 2007, is based on Washington’s Crowther Industrial Estate.
The group is launching a recruitment drive following the merger and hopes to add 20 new staff to its 80-strong workfore this year.
It expects its annual turnover to increase to more than £9m this year.