US-based GW Plastics has acquired Ireland-based Avenue Mould Solutions for an undisclosed sum.

Based in Sligo, Avenue Mould Solutions is engaged in the designing, manufacturing and validation of high precision multi-cavity injection molds and contract injection molding for high volume applications to the medical device and pharmaceutical industry.

With operations in around 15 countries, the company provided services to the medical device and drug delivery original equipment manufacturers (OEMs), as well as contract manufacturers.

The acquisition will add GW Plastics with precision mold-building facilities in North America, Asia, and Europe, in addition to injection molding and contract manufacturing capabilities.

In addition, the acquired business will help GW Plastics to build ultra-high-cavitation tooling up to 192 cavity molds for the medical device, diagnostics, and pharmaceutical markets.

Avenue offers precision mould design for medical device and drug delivery applications.

Working with a range of materials such as steel, graphite, ceramics, plastics, copper and aluminium, the firm’s ultra-precision CNC machines will allow manufacturing of prototypes, single lot parts and maintain full production runs up to 10,000 pieces.

GW Plastics president and CEO Brenan Riehl said: “Avenue Mould Solutions brings to GW Plastics an experienced and highly-skilled advanced manufacturing workforce, an award-winning mold-building company, and a growing medical device contract manufacturing business that has been successfully serving Ireland and other markets for 30 years.”

Avenue Mould Solutions founder and managing director Felim McNeela said: “GW Plastics does not wish to change Avenue’s successful history of supplying tooling to our injection molding and contract manufacturing customers.”

GW Plastics provides precision tooling, injection molding and contract manufacturing services to the healthcare, automotive safety-critical, and consumer/industrial markets.

Image: GW Plastics has acquired Avenue Mould Solutions. Photo: courtesy of GW Plastics.