Fathom Manufacturing Buys Summit Tooling and Summit Plastics
This acquisition will expand Fathom's domestic injection molding capabilities, companies report.
February 5, 2021
Fathom Manufacturing announces the acquisition of Summit Tooling and Summit Plastics, a precision tooling and injection molding services provider specializing in small-to-medium prototype injection molds for the domestic market. This acquisition will expand Fathom's domestic injection molding capabilities, companies report.
“Summit's focus on customers during the design, prototyping and low-volume production stages of a product's life cycle perfectly aligns with Fathom's unique customer value proposition. We're excited to work with the Summit team to explore opportunities to even better serve its customers through Fathom's comprehensive digital manufacturing platform while also providing Fathom's existing customer base with expanded domestic quick-turn precision tooling and molding capabilities,” says Ryan Martin, chief executive officer, Fathom.
“The recent 'Made in America' executive order will continue to drive demand for domestic manufacturing. Since the pandemic began, reliance on offshore suppliers and manufacturers has led to significant supply chain disruptions. Domestic manufacturing decreases transportation costs and time, and with improvements in technology and automation, quick-turn domestic manufacturing will allow our customers to bring competitively priced products onto the market faster,” says Rich Stump, chief commercial officer, Fathom.
“Since my wife, Michelle, and I founded Summit 25 years ago, we have been committed to providing outstanding quality and customer service to build the business into a leader in the design, engineering and construction of molds and precision components. We've now reached an inflection point in our growth trajectory, and we believe Fathom is the perfect fit in terms of both culture and customer value proposition to help take Summit to the next level,” says Dan Martin, president, Summit.
Fathom's in-depth expertise begins with a technology agnostic approach backed by a national footprint where we use:
- 14 manufacturing processes
- 6 additive technologies
- 90+ industrial grade additive systems
- 155+ mills, lathes, presses & 3D printers
- CNC machining
- Urethane casting
- Injection molding
- Finishing & assembly
Working with Fathom provides comprehensive access to the most relevant equipment and expertise in digital manufacturing, engineering and prototyping.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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