Potawatomi buy Michigan-based mold maker Accu-Mold

By Rhoda Miel
News Editor

Published: January 10, 2013 6:00 am ET

Related to this story

Topics Mergers & Acquisitions Molds/Tooling
Companies & Associations

PORTAGE, MICH. (Updated Jan. 11, 1:20 p.m. ET) — Mold maker Accu-Mold Inc. has been acquired by the economic development group of the Pokagon Band of Potawatomi.

Mno-Bmadsen plans to invest in new technology and add employees at Accu-Mold, based in Portage, Mich.

The business will continue at the same location under the new name Accu-Mold LLC. Former owner Dave Martin will remain president. Martin said he is putting together three long-range plans that Mno-Bmadsen can look at when shaping long-term investments.

“There’s been no difference in terms of future planning,” he said. “If anything, it has escalated, in that we have a bigger pool of financing available so we may be able to pull [hiring] forward and do it a little earlier.”

Accu-Mold has been in business for 36 years. It builds injection mold tooling for everything from micromolds to molds for 500-ton presses, with a specialty in products being converted from metal to plastics.

“We’ve got a very successful niche and everybody is trying to take weight out of everything, from automotive to aerospace,” Martin said.

Martin said he had been studying the best succession plans for his business. He is 56 and looking for options that would allow him to phase out his role in the company during the next 10 years. He also wanted to ensure that Accu-Mold and its employees would have a stable and secure future.

Mno-Bmadsen was looking for its first industrial company and a long-term investment. It also wanted a company that was established, not one requiring new management or turnaround expertise.

Mno-Bmadsen, based in Dowagiac, Mich., was created to conduct investments in non-gaming businesses for the Potawatomi tribe. Its name translates from Potawatomi as “living the good and prudent path.”

Mno-Bmadsen owns one other subsidiary, Seven Generations Architecture and Engineering LLC of Benton Harbor, Mich.


Comments

Potawatomi buy Michigan-based mold maker Accu-Mold

By Rhoda Miel
News Editor

Published: January 10, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

McClarin doubles in size, reach with Amtech acquisition

April 1, 2015 10:57 am ET

From Washington to Pennsylvania to Alabama, the new McClarin Plastics LLC will be twice as big and provide fiber-reinforced plastic components as...    More

Image

Bloomer Plastics takes Optimum name

April 1, 2015 10:25 am ET

Optimum Plastics is the new name of two film companies that combined their businesses in October.    More

Image

Amcor buys Nampak Flexibles

March 31, 2015 3:31 pm ET

Australian packaging giant Amcor Ltd. has bought South African-based Nampak Holdings Ltd.'s Nampak Flexibles division.    More

Image

Uponor sells plastic pipe machinery business to focus on core units

March 30, 2015 2:13 pm ET

Uponor Corp., the Finland-based maker of plastic pipe systems for plumbing, underfloor heating and cooling and infrastructure, announced March 30...    More

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global mat...    More

Market Reports

Trends in Resin Distribution

The growth of the North American resin distribution market is undeniable - and industry analysts are confident that growth will continue in 2015 and beyond.

This new report analyzes market trends and provides data on historical sales trends for PE (distribution and resellers), PolyOne Distribution figures, U.S. ethylene expansions based on shale gas and natural gas production by category to 2035.

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