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Press Release
Interplex Daystar Acquires Assets of Pylon Tool
Franklin Park, IL – February 19, 2009. Interplex Daystar, Inc., a custom metal stamping and insert molding company and a division of Interplex Industries, Inc., announced today that it has acquired the assets of Pylon Tool, a US-based custom precision metal stamping company, specializing in assembly in the progressive die, most notably rivet-type contact insertion. As part of the acquisition, Interplex Daystar has added specialized manufacturing equipment and intellectual property to its service portfolio as well as hired some of Pylon Tool's former employees.
“I am delighted to welcome the Pylon Tool team to Interplex,” said Dan Carioggia, Interplex Daystar’s President. “These individuals have extensive experience in the metal forming business and helped Pylon develop many unique, proprietary precision metal manufacturing processes, which broaden the solutions Interplex Daystar can offer its customers.”
In addition to its precision metal stamping and insert molding capabilities, Interplex Daystar now provides contact insertion and other in-die assembly technologies such as mixed-metal, which are commonly found in high current carrying applications in the automotive, white goods, and industrial controls industries. These processes will be performed at Interplex Daystar’s facility in Franklin Park, IL.
“We are excited to become part of Interplex Daystar and Interplex Industries,” said Steve Zaleski, formerly the President of Pylon Tool. “By joining Interplex, we can leverage Interplex’s global footprint and strong financial position to deliver our value-added solutions to customers located around the world.”
Founded in 1958 by President and CEO Jack Seidler, Interplex Industries, Inc. is headquartered in College Point, NY. The company continues to expand its technology and capabilities in the areas of product design and application development services, metal etching, prototyping, tool design and build, precision metal stamping, die casting, precision machining, plating and finishing, insert and injection molding, assembly and full scale automation services around the world. Interplex currently provides its services to the communications, electronics, industrial, medical and automotive markets and has facilities in the United States, Mexico, China, Singapore, India, Malaysia, Korea, Scotland, France, Germany and Hungary.
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