A new owner has stepped in at injection molder W-L Molding Co. with plans to see new growth at the company at its existing location and with the current workforce.
A private investor formed the group W-L Molding of Michigan LLC to purchase the assets of the Portage, Mich.-based molder, said Matt Miller, managing director of BlueWater Partners LLC a Grand Rapids, Mich.-based company that served as an advisor on the process. The new owner is involved with a non-competing plastics company, but chose not to disclose his name at this time.
WLMM will continue to operate as an independent firm, Miller said.
W-L Molding opened in 1945 and makes both thermoplastic and thermoset components used for firefighting equipment, the power tool, fuel delivery systems and other industries.