Parkway Products Acquires Injection Technology Corporation (ITECH)
April 16, 2019
Parkway Products, a Capital Partners portfolio company, acquired Injection Technology Corporation (ITECH) from founder Carl Morris on April 16, 2019. The deal adds two facilities in Westminster, South Carolina and Arden, North Carolina, expanding Parkway’s thermoplastic injection molding capacity — including large-tonnage presses — and deepening its Southeast U.S. footprint.
- Buyers
- Parkway Products, LLC
- Targets
- Injection Technology Corporation (ITECH)
- Sellers
- Carl Morris (Founder and CEO of Injection Technology Corporation)
- Platforms
- Parkway Products, LLC
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Transaction Type
- Addon
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