Private financial buyer Everett Smith Group Ltd. has purchased Dickten & Masch Mfg. Co. and its molding operations in Wisconsin and Mississippi.
Dickten & Masch joins a financial group that includes injection molder Trostel Specialty Elastomers Group Inc. and mold maker Techniplas Inc.
The deal was completed Oct. 15 for an undisclosed price. The company will retain its own name as a subsidiary under Everett Smith.
Dickten & Masch, based in Nashotah, Wis., opened in 1941 and has expanded through the past decade with a second molding facility in Hattiesburg, Miss., updated equipment and increased technical capabilities.
The company has 65 thermoplastic injection molding presses with clamping forces of 28-725 tons. The 300-employee firm has two-shot and gas-assist production facilities.
The company also has thermoset molding, making parts from sheet molded compound, bulk molding compound and phenolic resin, along with in-house toolmaking.
Milwaukee-based Everett Smith operates companies generating $750 million in annual sales and employing nearly 6,000.
The deal is only one in an increasing number of buyouts for Midwest molders, said Thomas E. Blaige, chief executive officer of Thomas Blaige & Co. LLC, a Chicago-based mergers and acquisitions consulting firm.
More than $5 billion in private equity is in play in the region, targeting midsize industrial custom molders like Dickten & Masch - companies working in a variety of industries.
``There's a huge consolidation trend going on,'' he said.