What is Formed Plastics?
Established in 1946, Formed Plastics, Inc. operates as a premier manufacturer specializing in custom rotational molding, thermoforming, and precision fabrication. The company maintains a robust market position by delivering high-quality post-top globes, refractors, and spheres, serving as a critical supply chain partner for municipalities. With dual certifications in ISO 9001:2015 and AS9100D, the firm demonstrates a rigorous commitment to quality management and operational excellence, distinguishing itself from competitors through decades of technical expertise and reliable production standards.
How much funding has Formed Plastics raised?
Formed Plastics has raised a total of $1.2M across 2 funding rounds:
Debt
$350K
Debt
$807K
Debt (2020): $350K with participation from PPP
Debt (2021): $807K led by PPP
Key Investors in Formed Plastics
PPP
Public-Private Partnership
What's next for Formed Plastics?
With this recent infusion of capital, Formed Plastics is well-positioned to scale its manufacturing capabilities and optimize its production workflows. The strategic allocation of these funds will likely focus on enhancing technological infrastructure and expanding the firm's capacity to meet the evolving demands of municipal infrastructure projects. As the company navigates its current lifecycle stage, the focus remains on maintaining its competitive edge in custom fabrication while exploring new avenues for operational efficiency and market penetration in the broader plastics manufacturing landscape.
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