Formed Plastics, Inc. is a leading manufacturer specializing in plastics processing, serving a diverse range of industries with high-quality, custom plastic products.
Background
Established in 1946 by Thomas J. Long, Formed Plastics has been a pioneer in the plastics industry for over seven decades. The company is dedicated to delivering innovative and reliable plastic solutions, emphasizing precision and durability. Operating from its headquarters in Carle Place, New York, Formed Plastics has built a reputation for excellence in manufacturing and customer service.
Key Strategic Focus
Formed Plastics focuses on providing custom plastic products tailored to the specific needs of various industries, including automotive, medical, and consumer goods. The company employs advanced manufacturing techniques to ensure high-quality outputs, targeting markets that demand precision and reliability in plastic components.
Financials and Funding
As of the latest available data, Formed Plastics generates approximately $22.4 million in annual revenue and employs around 74 individuals. The company has raised a total of $1.2 million in funding over two rounds, reflecting its commitment to growth and innovation in the plastics manufacturing sector.
Technological Platform and Innovation
Formed Plastics leverages advanced manufacturing technologies to produce high-quality plastic products. The company's commitment to innovation is evident in its continuous improvement of manufacturing processes and adoption of cutting-edge technologies to meet the evolving needs of its clients.
Leadership Team
- David Long: President
- Steve Zamprelli: Vice President of Product Development
- Melissa Joannou: Executive Administrative Assistant
- Joey Morsi: Project Engineer
These leaders bring extensive experience and expertise to the company, driving its strategic initiatives and operational excellence.
Competitor Profile
Formed Plastics operates in a competitive landscape with several notable companies:
- Sterling Technologies: Employs approximately 109 individuals with an estimated revenue of $20 million.
- Lerner and Associates: Has around 24 employees and generates about $4.5 million in revenue.
- Sternberg Lantern: With a workforce of 106, the company reports revenues of approximately $28.4 million.
- Wisconsin Plastics: Employs 123 people and has an estimated revenue of $33.8 million.
- COMCO Plastics: With 42 employees, the company generates around $18.7 million in revenue.
These competitors operate in similar markets, offering a range of plastic products and services.
Strategic Collaborations and Partnerships
While specific collaborations and partnerships are not detailed in the available information, Formed Plastics' longstanding presence in the industry suggests a history of working closely with clients and suppliers to deliver customized solutions.
Operational Insights
Formed Plastics' strategic considerations include maintaining a strong market position through continuous innovation, quality assurance, and customer-centric approaches. The company's competitive advantages lie in its decades of experience, skilled workforce, and commitment to meeting the unique needs of its clients.
Strategic Opportunities and Future Directions
Looking ahead, Formed Plastics is poised to explore opportunities for expansion into new markets and the development of advanced plastic products. By leveraging its existing strengths and embracing emerging technologies, the company aims to enhance its product offerings and solidify its position as a leader in the plastics manufacturing industry.
Contact Information
- Website: www.formedplastics.com
- Headquarters: Carle Place, New York, United States
For more detailed information or specific inquiries, please visit the company's official website.
