Investment firm buys Tenere

Published: December 17, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Medical, Injection Molding, Molds/Tooling

LEXINGTON, MASS. (Dec. 17, 2:30 p.m. ET) — Investment firm Watermill Group has purchased Tenere Inc., a Dresser, Wis.-based company that does injection molding, mold making, metal stamping and machining.

Terms were not disclosed. Lexington-based Watermill bought the business from Columbus, Ohio-based private equity firm Stonehenge Partners Inc.

Tenere has 16 injection presses, ranging from 20-1,000 tons of clamping force, at its plant in Lakewood, Colo. The company also does a variety of secondary services including decorating and welding.

On the metals side, Tenere does metal stamping, machining and die and mold making. Customers include OEMs in aerospace, agricultural, data management, information technology, medical and industrial markets.

Watermill said Tenere is adding manufacturing capacity and expanding production at its newest facility in St. Croix Falls, Wis., and it expects to hire up to 100 employees within the next year.

“We’re approaching a critical phase in the growth of our company, and Watermill is the right partner to help us expand and scale to the needs of our customers,” said Jon Fisk, Tenere’s chief operations officer, in a Dec. 17 news release.


Comments

Investment firm buys Tenere

Published: December 17, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Chinese auto suppliers growing in US

July 24, 2014 4:17 pm ET

Two China-based automotive suppliers are expanding in the U.S., according to information released by the Michigan Economic Development Corp.    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC,...    More

Image

RxFiber developing new generation of medical fibers

July 23, 2014 1:38 pm ET

Increased concern about patient safety is creating a business opportunity for biomaterial fibers maker RxFiber LLC.    More

Image

Contigo, Avex buy lets Newell Rubbermaid leapfrog new bottle development

July 22, 2014 4:11 pm ET

Newell Rubbermaid Inc. is ready to accelerate its move into the reusable water bottle business with the purchase of two on-the-go drinkware brands.    More

Market Reports

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

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

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

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

More Events