Catherine Kavanaugh Senior Reporter [email protected] 313 446-0346 See All Staff Page Recent Stories Kreate to invest $11.5M in Las Vegas manufacturing plant Ohio-based company specializes in storage, shelving, outdoor furniture and utility products. Industrial toolmaker sued for stealing trade secrets MachiningCloud seeking more than $330 million from Kennametal Inc. Hillenbrand sells majority stake in Milacron machinery business to Bain Capital for $287M Hillenbrand Inc. has announced the sale of a 51 percent stake in its Milacron injection molding and extrusion machinery business to Bain Capital for $287 million. Hillenbrand sells majority stake in Milacron to Bain Capital for $287M Hillenbrand Inc. has announced the sale of a 51% stake in its Milacron injection molding and extrusion business to an affiliate of Bain Capital for $287 million. Hillenbrand bought Milacron in 2019 for $1.9 billion. Patrick Industries acquires Elkhart Composites to bolster product offering Velocity patent focuses on improved blow molding drivetrains The packaging machine supplier has developed a new drivetrain technology to boost productivity, energy efficiency. Machine builders show latest robots, medical tubing extrusion Thermal Group acquires ACT in Utah The deal brings TTG advanced composite capabilities such as laminate construction, composite compression molding, resin transfer molding and filament winding. Mold Base Industries to close after 53 years The Pennsylvania company was started by four friends and transitioned to an employee stock ownership plan (ESOP) in 2018. Wilmington Machinery sold, founder steps back The North Carolina-based company has been building low-pressure injection molding and rotary blow molding machines since 1972. Pipe maker ADS closing Washington plant, breaks ground for Georgia expansion The majority of the 54 employees will be laid off and the facility will be shuttered at the end of June. Builders' show prize finalists include insulation panels, acrylic tubs Plastic products like an acrylic hammock bathtub and fast installation system for decking are among the contenders. BASF selling Styrodur XPS business, brand to partner The sale to Karl Bachl Kunststoffverarbeitung GmbH coincides with BASF's plan to increase production of expanded polystyrene. Design Molded Plastics enters acquisition mode with new owner The once financially distressed Macedonia, Ohio-based Design Molded Plastics LLC (DMP) has acquired the majority of the assets of two privately held injection molding companies in the northeast part of the state. Coperion K-Tron closing Kansas plant, laying off 98 About 50 positions, mostly in engineering and sales, were spared. Those employees will transition to remote work roles. Load More