Dynaplas Ltd. acquires Peterborough’s Chilton Precision Inc.
Chilton will continue as a separate standalone business unit.
TORONTO – Dynaplas Ltd. has acquired Chilton Precision Inc., a Peterborough, Ont.-based high precision machining provider that works in a number of industrial and commercial industries.
“Adding Steve and Mike Chilton’s expertise in precision machining deepens our company’s talent level in mold making and will make us more efficient in supplying the highest quality products to our customers,” says Greg Walton, Dynaplas’ president and CEO.
Chilton will continue to operate as a separate standalone business unit and will look to expand both its capacity and capabilities.
Financial details of the acquisition have not been disclosed.
Headquartered in Toronto, Dynaplas is a plastics supplier with in-house tooling facilities and injection molding capabilities.