Kumar family takes over another US processor

Sutton-based Mayfield Plastics was recently acquired by Jay Kumar, the owner of Universal Plastics, a custom thermoformer based in Holyoke MA. In a statement released, it is said the intention of this merger is to provide Mayfield with additional management, technical and financial support. Both Mayfield and Universal will continue to maintain their facilities, brand, employees and procedures. The terms of the sale were not made public.

Jay Kumar is a graduate of Cornell University and previously worked at JPMorgan for ten years. In 2012, Jay Kumar with his father Sunil Kumar acquired Universal Plastics and more recently, Kumar together with his daughter Monica acquired Nycoa (http://www.plasticsandrubberasia.com/nov2013/company1.html).

“I, along with my management team, believe that this merger strengthens both Mayfield and Universal Plastics. The combined entity will be among the largest custom thermoformers in the North Eastern US and with greater scale, we are well-positioned to provide customers with top quality products and excellent service in meeting their thermoformed plastics needs. Specifically, this merger will benefit customers through our increased capacity in custom thermoforming, broader range of secondary services in trimming, and enhanced operational efficiencies & value added services. Everyone I’ve spoken to at both Mayfield and Universal is excited about this merger and to be working together to meet all of our customers’ plastics needs. Above all, we value our relationships with our customers and are committed to maintaining and growing the value that we provide to them. Their success is our top priority,” said Jay Kumar.

With over 45 years experience, Universal currently serves customers in a variety of industries including aerospace, medical device manufacturers, transportation, consumer products, food packaging and electronic companies. As a custom manufacturer, Universal has made kayaks, air ducts for the Space Shuttle, all of the bus stop signs currently used in New York City and the bow of the submarines used by the Navy Seals. In 2008, it added a 30,000 sq ft expansion addition to its Whiting Farms Road building for a total of 100,000 sq ft of production and office space. The company is ISO 9001 certified.

Universal Plastics has gross annual sales of approximately US$12 million, employs 70 people and manufactures thermoforming plastics that include custom containers, protective covers and enclosures for many large companies including Pratt & Whitney, General Electric and BE Aerospace.

Mayfield serves the custom plastic parts needs of a variety of industries including aerospace, medical device manufacturers, transportation and electronic companies.


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