Under new ownership, molder Seitz focuses on growth

By Frank Antosiewicz
Correspondent

Published: July 18, 2012 6:00 am ET

Related to this story

Topics Consumer Products, Injection Molding

TORRINGTON, CONN. (July 18, 1:30 p.m. ET) — Since being acquired by a private investment group last year, Seitz LLC has been able to focus on its growth and on building its value-added propositions.

The Torrington, Conn.-based company, formerly known as Seitz Corp., was purchased in October 2011 by Andlinger & Co. Inc., a private investment group with offices in the United States and Europe.

Seitz was recently cited by Connecticut Gov. Daniel Malloy with a mid-June visit to highlight the competitiveness of the state’s businesses. It also was honored at a recent Diebold Inc. Supplier Summit in Canton, Ohio. Diebold, which makes ATMs, presented Seitz with its Gold and Supplier Innovation Awards.

“We’re very proud of our relationship with Diebold,” said Seitz President and CEO Mike Sullivan, in a telephone interview.

He said that the infusion of equity capital along with a management gaining a minority stake in the company has allowed Seitz to focus on building its brand and the company’s relationships with original equipment manufacturers. The company makes small-scale motion control and gear train systems. It does work in the business equipment, medical product and food and beverage industries, all of which Sullivan said are growth areas.

Sullivan said he joined the company five years ago as the family developed an exit plan and the investment of Andlinger was a key to provide funds for the future of the company.

“We have a three-year plan to grow the business,” said Sullivan, noting that it is looking at expansion plans next year.

The company founded in 1949 has 160 employees and operates out of an 85,000 square foot facility. It has 45 injection molding presses. It also owns Seitz Motion Control System Co. Ltd. in Changzhou, China.

“Seitz was awarded the Gold Award which exhibits their excellent performance with on time delivery, lead time reduction, innovative cost reductions and overall service to Diebold,” said Linda Parcher, Diebold’s Chief Procuurement Officer, in a statement.

Diebold also said that the innovation award was based Seitz’ work in co-developing solutions to product development issues.

Sullivan said that the company has transitioned from a “plain vanilla” supplier to one that works with its customers. It offers services ranging from product design and tooling to injection molding and assembly.


Comments

Under new ownership, molder Seitz focuses on growth

By Frank Antosiewicz
Correspondent

Published: July 18, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Australia taking on microbeads, seeks voluntary phase out

October 2, 2014 12:41 pm ET

An Australian environment minister has declared war on polyethylene microbeads.    More

Image

Battle brewing over single-use coffee pods

October 2, 2014 12:25 pm ET

A battle is brewing in the world of single-service coffee pods. A major Canadian roaster of the beverage beans is suing North America's leading...    More

Image

Helix gets FDA compliance for another medical device facility

October 2, 2014 10:50 am ET

Helix Medical LLC's Baldwin Park, Calif., facility has attained compliance with the federal regulation for quality systems for medical devices.    More

Image

Houston Plastic continues to grow with new press, controlled production area

October 1, 2014 11:32 am ET

Custom injection molder Houston Plastic Products Corp. has extended its clamp tonnage range and added an environmentally controlled molding area.    More

Image

Ohio molder Denbro Plastics moves to new location

September 29, 2014 6:17 pm ET

Logo products injection molder Denbro Plastics Co. has moved to another plant within Toledo, Ohio, to streamline production and improve efficiency.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events