Spectrum collocates with Minneapolis-area toolmaker

By Rhoda Miel
News Editor

Published: August 29, 2012 6:00 am ET

Related to this story

Topics Injection Molding, Molds/Tooling

MINNEAPOLIS (Aug. 29, 1:55 p.m. ET) — Minneapolis injection molder Spectrum Plastics Group is teaming with a toolmaker to collocate toolmaking within its own molding operations.

Spectrum said a business agreement with the mold maker does not allow the company to divulge the toolmaker’s name, but noted that it is located in the Minneapolis and St. Paul, Minn., area, and that the alliance will aid in quick development of new projects.

“We are now able to quickly respond to tool modifications, revision changes, and new tool builds,” said Doug Johnson, general manager for Spectrum Plastics Group’s Minnesota division, in an Aug. 28 news release.

The move means Spectrum has in-house tooling capabilities at all three of its manufacturing sites — in Minneapolis; Ansonia, Conn., and Brewster, N.Y. — said President and CEO Randy Ahlm.

Both the molder and the mold maker will continue as independent operations, but the collocation will place tooling support alongside production, allowing for faster responses to Spectrum’s customers in the medical, aerospace, defense and precision industrial industries.

Spectrum is majority owned by private equity firm Spell Capital Partners LLC.


Comments

Spectrum collocates with Minneapolis-area toolmaker

By Rhoda Miel
News Editor

Published: August 29, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Plastic Omnium makes China investment push

February 26, 2015 4:35 pm ET

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in...    More

Image

German molder picks North Carolina for US manufacturing plant

February 26, 2015 4:21 pm ET

German medical goods company Raumedic AG has chosen Mills River, N.C., for its first U.S. manufacturing site and U.S. headquarters.    More

Image

New press at Diamond Line a North American first

February 24, 2015 5:39 pm ET

L.K. Systems Inc. has delivered its first eXcel-brand injection molding machine to a North American customer.    More

Image

Technology helped Cosmetic Specialties solve tool room problems

February 24, 2015 1:10 pm ET

LAKE LAS VEGAS, NEV. — A private equity guy now loves running an injection molding factory.    More

Image

Exhibitors have high hopes for NPE 2015

February 23, 2015 3:01 pm ET

The U.S. economy is strong. Resin prices are on the decline. The North American automotive industry is pushing record levels. For all these reasons, a...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

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

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

More Events