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Tide Rock Finishes 2021 with Three Additional Acquisitions

CableMaster Corp of Milwaukee, Wisconsin and Cal Micro Recycling of Ontario, California joined Tide Rock at the end of 2021 as its 11th and 12th platforms, and Plastic Molding Technology of El Paso, TX joined Pikes Peak Plastics and Altratek to round out Tide Rock’s plastics injection molding company.

CableMaster is a leader in cable assemblies, wire harnesses, and power cord distribution. The company will work alongside other manufacturing entities, including Interconnect Solutions Company (ISC), Plastics Design and Manufacturing (PDM), Pikes Peak Plastics, and Bayless Manufacturing, to provide electro-mechanical, plastics and metal components and assemblies to customers in various industries.

“CableMaster brings unrealized potential in the value-added distribution of cables, cords and wires, and in the manufacturing of cable assemblies and wire harnesses. The company has been experiencing tremendous growth, and we expect demand for generators and power systems to continue growing,” said Ryan Peddycord, CEO of Tide Rock.

Cal Micro Recycling is an integrated commercial recycler of e-waste, glass, and mattresses. Permitted by California’s Department of Resources Recycling and Recovery (CalRecycle) and Department of Toxic Substances Control (DTSC), the company strictly adheres to State and Federal regulations and provides superior customer service to its state and industrial customers.

“We are excited to expand our exposure to recycling through our investment in Cal Micro Recycling. Cal Micro’s handling of e-waste, glass, and mattresses complements our existing holding, American Recycling, and its handling of bulk plastic, cardboard, paper, metal, and organic waste. Together they provide comprehensive recycling services throughout California,” said Brooks Kincaid, President of Tide Rock.

Plastic Molding Technology (PMT) manufactures precision-engineered, injection-molded plastic components. The company provides a single-source solution, including engineering, prototyping, manufacturing and assembly to automotive, electronics, telecommunications, and industrial customers.

“The acquisition of PMT allows us to expand our injection molding footprint. We now have multiple strategic locations to serve our customers, each site with a highly skilled workforce and the ability to serve molding needs from 20 to 500 tons,” said Michael Engler, Group CEO of Tide Rock’s electro-mechanical contract manufacturing and plastics manufacturing companies. He will work alongside Charles (Chuck) Sholtis, former Owner and CEO, and the PMT leadership team to ensure a smooth transition.

Tide Rock experienced its highest growth to-date in 2021, acquiring seven platforms and six add-ons. We look forward to continued success in 2022.

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