Rock West Composites acquires Performance Plastics assets
Complementary metal and composite capabilities offer significant expansion potential to Rock West as the business continues to meet its aggressive growth targets.
Photo Credit: Rock West Composites
Rock West Composites (RWC, San Diego, Calif., U.S.) acquired the assets of Performance Plastics Inc. (PPI, San Diego) on Sept. 8. This addition will expand RWC’s product offering into complementary markets that have little overlap with its existing businesses but use similar materials and processes. The new staff and facilities will also add metallic manufacturing, machining, forming and bonding to RWC’s technical expertise.
PPI is a manufacturer of precision-engineered composite aerostructure components for military and commercial OEMs, as well as Tier 1 suppliers. Founded in 1982, PPI focuses on small- to mid-size assemblies, and has an extensive list of customer qualifications covering both metal bond and composites processes.
PPI’s staff of 80 people, who represent a complementary and diverse talent base, will join RWC’s employee-owners, bringing the total team to 360. Adding PPI’s 50,000 square feet to RWC’s current expansion of its Salt Lake City facility will result in more than 275,000 square feet in total manufacturing space.
This acquisition, along with continued success in their current markets, will also add to RWC’s history of revenue growth, demonstrated by the company’s 26% CAGR over the past 10 years.
“Together, we will form a stronger business, drive further growth and innovation, creating more value for our employees, customers and suppliers,” PPI’s president Jim Renaud says.
