ARC Group Acquires Advance Tooling Concepts And Thixoforming

(RTTNews) - ARC Group Worldwide, Inc. (ARCW) said Tuesday that it has closed on the acquisition of two companies, Advance Tooling Concepts and Thixoforming LLC.

ARC acquired Advance Tooling Concepts for $24 million, in an all-cash deal. Terms of the Thixoforming acquisition were not disclosed.

Advance Tooling Concepts is a plastic injection molder, offering complete, turnkey plastic injection molding capabilities, as well as fully-staffed and equipped in-house molding and tooling expertise to customers in high growth markets including the medical device, electronic, consumer, and defense industries. It generated revenues of more than $17 million in 2013.

Thixoforming is a provider of magnesium injection molding, producing complex, high-density injection molding components from magnesium alloys.