CENTRALIA, ILL. (Jan. 10, 12:45 p.m. ET) — Big 3 Precision Products Inc., a manufacturer of injection blow molds, has been acquired by private equity firm TVV Capital of Nashville, Tenn.
The acquisition will allow Big 3 to take full advantage of market expansion and globalization opportunities, and supports the company's next phase of growth, said CEO and President Alan Scheidt in a news release.
TVV purchased Big 3 directly from its owners. Terms of deal were not disclosed.
Big 3, based in Centralia, Ill., makes tooling for injection blow molding and injection stretch blow molding. The company says it makes molds for all leading machine manufacturers, along with offering product development, preform design, and in-house sampling.
Big 3 also sells its own injection blow molding press – the BMP-145T – which debuted in 2009.
The company's blow molding customers are in the pharmaceutical and personal care industries.
In addition to tooling, Big 3's material handling division designs and produces shipping and storage racks for the automotive, plastic and fiberglass industries.
The company also makes metal fabrication products for the automotive industry.
Big 3 has manufacturing operations in Centralia and Millville, N.J.