June of 2014 marked the second anniversary of Jay Kumar’s introduction to Advanced Manufacturing in the Plastics Industry when he purchased 47-year-old Universal Plastics in Holyoke MA from Joe, Mike and Rich Peters, the second generation owners who had run the thermoforming operation for over 25 years. Alongside growing Universal and less than 18 months after the acquisition, Jay acquired a second facility when he bought out Sutton, MA-based Mayfield Plastics with the intent of growing the thermoforming business locally through the combined strength and synergies of both companies.
What is most unusual about this story is that all of Jay’s business experience came from being a Wall Street Trader for ten of his thirty-five years. States Joe Peters, CEO of Universal Plastics, “Jay has been here for 2 years and has no plastics, manufacturing or management background. What he has done is tremendous in terms of learning, adapting, and growing the business.”
Jay’s entrepreneurial drive is manifest in his focus on results. Says Don Andreoli, Universal Plastics’ Head of Engineering, “With Jay, it’s all about results. It’s that very thing that is in his ‘sight’ from the beginning. Keeping his eye on this is a key factor to his success in managing this business. To help take this company from where it was to where it is speaks to his entrepreneurial drive. He has a vision and knows how to chart the course to get there. ” According to Terry Minnick, Owner & President of Molding Business Services, who has worked with Jay on a variety of projects, including the Mayfield acquisition, “In addition to his compassion and integrity, Jay is a visionary thinker in the plastics business. He understands the market for thermoforming and is looking for ways to offer more solutions to his customers. This forward thinking almost guarantees success. If Jay gets locked onto a project, you know, without a doubt, it will get done.”
Don Loepp, Plastics News editor, said, “I’m really excited about our inaugural group of Rising Stars honorees. The interest and response to the call for nominees was outstanding. We accomplished our goal of finding some of the best and brightest young talent in the plastics industry.”
About Universal Plastics
Universal Plastics is a custom thermoformer based in Holyoke MA with strong legacy of expertise in manufacturing thermoformed plastic parts of the highest quality with a distinct focus on customer satisfaction. Universal has been in business for over 45 years with a world class management team and currently serves customers in a variety of industries including aerospace, medical device manufacturers, transportation, consumer products, food packaging and electronic companies.
As a custom manufacturer, Universal has made kayaks, air ducts, bus stop signs, kayaks from recycled detergent bottles, etc. In 2008 they added a 30,000 square foot addition to their Whiting Farms Road building for a total of 100,000 square feet of production and office space. The company is ISO 9001 certified.
For more information visit www.universalplastics.com
Sutton, MA (PRWEB) December 16, 2013 – Mayfield Plastics was recently acquired by Jay Kumar, the owner of Universal Plastics, a custom thermoformer based in Holyoke MA. The acquisition will allow Mr. Kumar to continue to execute on his vision to find ways to add additional value to customers, grow the business and establish a stronger footprint in the custom plastic thermoforming space. The intention of this merger is to provide Mayfield with additional management, technical and financial support. Both Mayfield and Universal will continue to maintain their facilities, brand, employees and procedures.
Mr. Kumar plans to invest in Mayfield which ensures that Mayfield can continue to service customer needs and support existing business and any new business for years to come. The companies’ combined capabilities will support greater productivity & capacity within custom thermoplastic manufacturing. Longer term, the combination is expected to provide a broader suite of product offerings and services to customers. The terms of the sale were not made public.
“I, along with my management team, believe that this merger strengthens both Mayfield and Universal Plastics. The combined entity will be among the largest custom thermoformers in the North Eastern United States and with greater scale, we are well-positioned to provide customers with top quality products and excellent service in meeting their thermoformed plastics needs. Specifically, this merger will benefit customers through our increased capacity in custom thermoforming, broader range of secondary services in trimming, and enhanced operational efficiencies & value added services. Everyone I’ve spoken to at both Mayfield and Universal is excited about this merger and to be working together to meet all of our customers’ plastics needs. Above all, we value our relationships with our customers and are committed to maintaining and growing the value that we provide to them. Their success is our top priority,” said Jay Kumar.
About Universal Plastics
Universal Plastics is a custom thermoforming company based in Holyoke MA with strong legacy of expertise in manufacturing thermoformed plastic parts of the highest quality with a distinct focus on customer satisfaction. Universal has been in business for over 45 years with a world class management team and currently serves customers in a variety of industries including aerospace, medical device manufacturers, transportation, consumer products, food packaging and electronic companies.
As a custom manufacturer, Universal has made kayaks, air ducts for the Space Shuttle, all of the bus stop signs currently used in New York City and the bow of the submarines used by the Navy Seals. In 2008 they added a 30,000 square foot addition to their Whiting Farms Road building for a total of 100,000 square feet of production and office space. The company is ISO 9001 certified.
Universal Plastics has gross annual sales of approximately $12 million, employs 70 people and manufactures thermoforming plastics that include custom containers, protective covers and enclosures for many large companies including Pratt & Whitney, General Electric and BE Aerospace.
About Jay Kumar
Jay Kumar is a graduate of Cornell University and has worked extensively in the investment arena, at JPMorgan for ten years as a proprietary trader and most recently as Managing Principal at PAON LLC. Jay currently serves as President of Universal Plastics and Mayfield Plastics. In 2012, Jay Kumar acquired Universal Plastics from the Peters family, pledging to serve as an on-site manager alongside Joe Peters and grow the business. Over the past eighteen months under Jay Kumar’s day-to-day leadership and Joe Peters’ ongoing oversight, Universal Plastics has seen strong growth and expanded its business with key customers.
About Mayfield Plastics
Mayfield Plastics has played a prominent manufacturing role in Central Massachusetts for almost a half-century. In 1970 the former parent company of Mayfield Plastics, S.Ralph Cross and Sons, decided to transform its pattern making business. Founded in 1917 by S. Ralph Cross, his sons, Stanley and Gordon Cross, made a strategic decision to capitalize on their core competency, mold making, by coupling it with the manufacturing of custom made plastic parts using the emerging plastic forming process of thermoforming.
Ron Cross, Gordon’s son became the president and opened the new facility in 2006. That tradition continues today while the company increasingly serves the custom plastic parts needs of a variety of industries including aerospace, medical device manufacturers, transportation and electronic companies. Mayfield Plastics is registered with the International Organization for Standardization (ISO), which certifies that the company pays strict adherence to the manufacturing processes it promises its customers. Working with the Manufacturing Advancement Center Workforce Innovation Collaborative, the Manufacturing Extension Partnership, and the Mass Development Corporation, Mayfield Plastics has assumed a leadership role in advancing careers in manufacturing today.
October 30, 2013
Mayfield Plastics has announced the release of the “Thermoforming Design Guide”. This design guide is provided for mechanical engineers and designers and for others who have a need to understand the technical specifications for thermoforming, vacuum forming, and pressure forming.
The Thermoforming Design Guide explains and illustrates the design requirements that engineers and designers need to keep in mind when designing for the thermoforming process. The guide provides detailed information on dimensional tolerances, draw ratios, undercuts, plug assists, radii and chamfers as well as other technical information.
“We hope to educate engineers and designers on the finer points of thermoforming”, said Harrison Greene, Vice-President of Growth and Development. “We feel it is important to educate and inform since we are experts in this field and engineers and designers today are often faced with sourcing a huge variety of products.” Greene said.
The Guide may be downloaded at http://connect.mayfieldplastics.com/thermoforming-and-vacuum-forming-design-guide
July 1, 2013
Mayfield Plastics, a leading thermoforming supplier, proudly announces that its manufacturing facility has been awarded ISO 9001 Registration, demonstrating the company’s vision of a world-class manufacturing operation combined with unrivaled customer service.
The award of ISO 9001 Registration indicates that Mayfield Plastics has implemented a quality management system that enables it to consistently provide products that meets customer requirements and enhances customer satisfaction through the effective application of the system. "The ISO Registration demonstrates our continuing commitment to the quality and reliability of all of our thermoformed products," said Ron Cross, Mayfield President. "Our customers should be confident we are following the process and procedures reviewed before doing business with Mayfield," Cross said.
ISO 9001:2008 is a quality management system developed by the International Organization of Standardization that requires a manufacturer demonstrate its ability to consistently provide product that meets customer and applicable statutory and regulatory requirements. ISO 9001:2008 is recognized by businesses around the world as the premier quality management standard. It provides a universally accepted suite of quality-oriented business management process objectives and standards that must be made an integral part of a quality-run business in today’s global manufacturing and business environment
"By meeting the requirements of the ISO 9001:2008, we have clearly demonstrated our commitment to continuously enhancing our processes and adapting to the needs of each area of our company. This certification qualifies us as a trusted company that plans, organizes and controls all of its processes, allowing us to offer our clients consistent high-quality thermoformed products," Cross said.
Too see full release check PR Web Website.
Sutton, MA May 10,, 2010 - Mayfield Plastics is the featured article in this month's edition of Plastic Technology magazine. The article entitled "Mayfield Rides the Medical Wave" details the transformation the company has made from the machine tool industry to a major player in medical thermoformed parts. According to the article, Mayfield's physical location in Massachusetts played a role in its decision to seek out medical business. "This area has typically been where innovative companies have located," says company president Ron Cross.
Mayfield has served the medical market for the past 25 years, and today some 70% of its business is in that field, notably housings and skins for diagnostic machines like CAT Scanners. Its medical product line also includes sidewalls, user interface panels, bezels and thermoformed enclosures, internal components, thermoformed medical devices , work-in progress trays, and hospital room panels.
The full article can be found at http://www.ptonline.com/articles/201005fa3.html and more information regarding Mayfield may be found at the company website www.mayfieldplastics..com
Sutton, MA -- Keeping current with customer demands as well as improving efficiencies and quality, Mayfield Plastics has announced the delivery of a new MAAC single station thermoforming machine. "The new equipment is indicative of our commitment to our customers in providing the latest technology," said Ronald Cross, President. "The new 48 X60 MAAC 54S has a PLC controller providing 10 automatic forming techniques to give the customer repeatability when producing thermoformed parts. It has unlimited storage of job files and is equipped with top and bottom quartz ovens providing "instant on" during the heating cycle and "instant off" during the forming cycle for the most in energy efficiency," Cross said.
Mayfield Plastics is a leading custom thermoforming and vacuum-forming supplier to the medical, industrial and electronic markets. They supply custom thermoformed panels, medical devices, covers, bezels, radomes and enclosures for many industries. "In spite of the weak economy in 2009, we continue to invest in our plant and equipment to provide unmatched quality and service for our thermoformed products. We are heavily involved in the thermoformed medical device market and will continue to invest in state of the art equipment to remain a leader in our market," Cross said.