Accu-Mold under new owner

By Rhoda Miel
News Editor

Published: January 14, 2013 6:00 am ET

Related to this story

Topics In Print

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

Accu-Mold under new owner

By Rhoda Miel
News Editor

Published: January 14, 2013 6:00 am ET

Post Your Comments


Back to story

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

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

More Events