What is Plas-Tech Engineering?
Plas-Tech Engineering, based in Lake Geneva, Wisconsin, is a key provider of specialized plastic parts and precision molds for the medical device, biopharmaceutical, and biotechnology sectors. The company excels in sophisticated molding processes, utilizing medical-grade materials for injection molding, and crafting intricate tooling for highly engineered components essential in medical device and pharmaceutical packaging. Their approach emphasizes early design involvement to optimize for manufacturability, assembly, and material processing, thereby helping clients achieve cost targets. Plas-Tech Engineering operates under ISO 13485 and FDA registration, and maintains Class 6-8 cleanroom manufacturing capabilities.
How much funding has Plas-Tech Engineering raised?
Plas-Tech Engineering has raised a total of $825K across 2 funding rounds:
Debt
$350K
Debt
$475K
Debt (2020): $350K with participation from PPP
Debt (2021): $475K led by PPP
What's next for Plas-Tech Engineering?
The recent major strategic investment indicates Plas-Tech Engineering is poised for accelerated growth and expansion. This capital infusion is likely to fuel advancements in their specialized molding technologies, enhance their cleanroom manufacturing capacity, and potentially broaden their market reach within the highly regulated medical and biopharmaceutical industries. The company's focus on design for manufacturability and material science positions it well to capitalize on emerging trends in medical device innovation and drug delivery systems.
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