Investment firm buys Tenere

Published: December 17, 2012 6:00 am ET

Related to this story

Topics Medical Mergers & Acquisitions Injection Molding Molds/Tooling
Companies & Associations

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

Eastman Chemical expanding Tritan co-polyester capacity

March 27, 2015 10:00 am ET

Eastman Chemical Co.'s Tritan-brand co-polyester business continues to grow, with 35 million pounds of capacity added late last year and a second...    More

Image

Getting a real feel for how 'vinyl saves lives'

March 27, 2015 6:00 am ET

While I'm certainly not shipping off to Africa anytime soon, I got a taste of what medical professionals go through in the fight against Ebola and...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Intertech Medical adding presses, people

March 23, 2015 3:28 pm ET

Colorado's Intertech Medical has added five new injection molding presses and expects to add up to another four machines to keep up with a growth in...    More

Image

Kumar left Wall Street to run thermoforming companies

March 18, 2015 6:00 am ET

Jay Kumar was working on Wall Street before he decided to invest in manufacturing, buying Universal Plastics Co. in 2012.    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