Toledo, Ohio-based Toledo Molding & Die LLC will permanently close its Jefferson, Ohio, site, affecting 89 employees.
German auto supplier Grammer AG purchased TMD in May 2018, doubling its presence in North America at the time.
The closure comes as "part of Grammer America's strategic road map to improve the performance" of its business, it said in a news release.
Manufacturing and related operations will be consolidated into other Grammer sites in the U.S. "to take advantage of production efficiencies and better respond to customer needs," the release said.
Grammer expects the first round of layoffs to begin on Feb. 1 and continue in phases through April 30, 2021, according to a Dec. 1 notice filed with the Ohio Department of Job and Family Services.
"We are offering the current employees opportunities in our other Ohio plants," Mark Dickinson, vice president of human resources at Grammer Americas told Plastics News in an email.
TMD was No. 40 in Plastics News' ranking of North American injection molders with an estimated $230 million in sales when Grammer purchased it; No. 27 in PN's 2017 ranking of blow molders with an estimated $75 million in sales; and No. 37 among North American mold makers with an estimated $15 million in sales.
TMD makes a range of auto parts including interior trim and functional systems such as ducts, brackets and battery trays. TMD has plastics plants in Toledo, Tiffin, Bowling Green and Delphos, Ohio; Fayetteville, Tenn.; and Beloit, Wis.