FORT LORAMIE, OHIO (Sept. 23, 12:15 p.m. ET) — Tooling Technology LLC, which makes tooling for thermoforming, compression molding and rotational molding, has expanded into industrial blow mold tooling by acquiring FPM Tooling & Automation in Fremont, Ohio.
Tooling Technology, based in Fort Loramie, did not disclose terms of the deal.
FPM makes blow molds and complete automation production cells for automotive, housewares, recreational, industrial packaging and toy markets. The company was formerly known as Fremont Plastic Molds. FPM's automation offerings include equipment for trimming, assembly, welding, vision inspection, ultrasonic welding and robotic press loading and unloading, and packaging systems.
“This acquisition presents an opportunity for the Tooling Tech Group to expand our already strong position in the automotive, transportation and consumer products tooling markets through additional product offerings,” CEO Tony Seger said.
Founded in 1982, Tooling Technology is a major provider of tooling for making automotive headliners, carpet and floor assemblies, acoustic products and truck bed liners. Other large-part thermoforming includes molds for hot tubs and spas, boat hulls, kayaks, automotive roof boxes, appliances, transportation interiors, and industrial trays and packaging.
In 1999, Tooling Technology bought Edward D. Segen & Co. LLC, a maker of quick-change products for thermoforming.
Tooling Technology is owned by Chicago private equity firm Cognitive Capital Partners.