Ohio molder sold to private equity firm

By Frank Esposito
Senior Staff Reporter

Published: August 19, 2014 5:23 pm ET
Updated: August 19, 2014 5:46 pm ET

Related to this story

Topics Automotive, Appliances, Mergers & Acquisitions, Injection Molding

Private equity firm TVV Capital of Nashville has acquired injection molder Design Molded Plastics Inc. for an undisclosed price.

Macedonia, Ohio-based DMP serves numerous markets, including home appliances, sporting goods, automotive and consumer goods. TVV Capital President Andrew Byrd said in an Aug. 19 news release that DMP’s “highly diversified customer base, as well as its ability to provide full-service engineering, tooling and manufacturing services translates into a high-growth business with the potential for continued rapid expansion.”

DMP had a big expansion phase in 2012 and 2013 at its manufacturing site in Macedonia. The firm added 20,000 square feet in 2013 to the 110,000 square feet it occupied over two buildings. In 2012, DMP added six new injection molding machines, ranging from 88-950 tons of clamping force.

According to the company’s website, DMP now has 120-plus employees and 35 injection presses. DMP posted sales of $23 million in 2012. The 29-year-old firm is one of only a few U.S. manufacturers that still produce parts for vacuum cleaners.


Comments

Ohio molder sold to private equity firm

By Frank Esposito
Senior Staff Reporter

Published: August 19, 2014 5:23 pm ET
Updated: August 19, 2014 5:46 pm ET

Post Your Comments


Back to story


More stories

Image

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Plasan investing in capacity, jobs to supply auto market with carbon fiber

September 19, 2014 3:05 pm ET

Growth in the emerging automotive market for carbon-fiber composites has spurred a $29 million investment in a Walker, Mich., factory    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Image

Toyoda Gosei expanding in Mexico

September 19, 2014 2:33 pm ET

Toyoda Gosei North America Corp. is investing $67 million in a 398,000-square-foot plant in central Mexico to supply the automotive industry with...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

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