Injection molds
A Massachusetts injection molder is putting the finishing touches on an expansion effort valued at more than $2 million that's adding both more space and new equipment.
Tessy Plastics Corp. has appointed a new president, Stafford Frearson, to manage day-to-day business operations across 13 locations in New York, Pennsylvania, and Shanghai.
La Verne, Calif.-based medical supplier Marman Industries has invested about $2 million to expand its operations as it's seen "double digit annual growth for the last three years."
Clinton, Mass.-based NyproMold Inc. has invested $5.2 million to expand its Gurnee, Ill., facility to meet demand for drug delivery devices and diagnostic products.
Minneapolis private equity firm ShoreView Industries has acquired Lincoln, Neb.-based custom injection molder Garner Industries.
So far, 2023 has been a bit bumpy but good overall for U.S. mold makers, according to participants of the Aug. 17 online Q3 Moldmaker Forum put on by the Plastics Industry Association.
Trucking company Yellow Corp., a once-dominant player in the less-than truckload (LTL) segment that hauls cargo for multiple customers on a single truck, filed for Chapter 11 bankruptcy protection and laid off 30,000 workers Aug. 7, about a week after it had halted operations.
A Florida judge has ordered Benpac Holding Inc. to pay $22 million to Clearwater, Fla.-based mold maker and injection molder American Tool & Mold Inc. for breaching a settlement agreement related to a failed 2019 acquisition.
In an injection molding deal, Mission Plastics Inc. has acquired NMH Marketing LLC and Andercraft de Mexico.
Erie, Pa.-based injection molder and tool manufacturer Plastek Group is investing about $8 million in tooling and automation equipment over the next four years
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