PLANO, ILL. (Jan. 3, 11:10 a.m. ET) — An Ontario investment group has purchased Illinois-based fishing and outdoor equipment maker Plano Molding Co. with plans to continue the company’s growth strategy. Plano has its own in-house injection molding for fishing tackle boxes, tool boxes and carrying cases for a number of outdoor activities. It sells its products under the Plano, Frabill, Tenzing, Caboodles and Creative Options brand names.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.