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

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Image

Unilever puts Dove brand on a MuCell diet

April 23, 2014 1:57 pm ET

New technology employed by Unilever NV in the manufacture of bottles for its Dove Body Wash range of products could end up saving the brand owner up...    More

Image

Coffee roaster looks to improve footprint of single cup systems

April 22, 2014 1:30 pm ET

One of the largest coffee and tea manufacturers in North America has introduced a single-serve beverage capsule intended to curb the waste created by ...    More

Image

German electronics firm expanding in Hungary

April 22, 2014 9:46 am ET

German electronics manufacturer Provertha GmbH has announced plans to set up a new plastic galvanizing plant at the Kapuvár Industrial Park, in...    More

Image

Inventor taps into TV exposure, crowd funding for water bottle project

April 21, 2014 3:26 pm ET

An Australian inventor has developed a reusable plastic water bottle with a filter in a bid to get more people to drink tap water instead of buying di...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 – North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events