This allows Injection Technologies to expand on their already established plastic injection molding capabilities.
Kitchener, ON – Injection Technologies Holdings LLP (ITH), the owner of Injection Technologies Inc. (ITI) is pleased to announce the acquisition of MoldCo Inc.(MCI). MCI is a Kitchener, ON based injection molding company, formerly owned by the Cluthe family with roots extending back to 50+ years. MoldCo offers 16 presses of up to 834 tons. Injection Technologies Inc. (ITI) is a Windsor, ON based injection molding and mold trial facility, originally established in 1989.
In 2015, ITI was acquired by its current President, Cameron Lee, as well as two family office investors, through their investment in ITH. Since their investment, the company has reinvested $10 million in equipment in addition to its latest investment, MCI.
Included in that investment was the acquisition of 2 multi-shot presses, a three shot rotary – 1800 ton Krauss Maffei plus a four shot rotary – 1800 ton Krauss Maffei, in addition to a 1500 ton UBE, a 1250 ton Negri Bossi, 1000 ton UBE, a 620 ton Krauss Maffei, a 550 and 505 ton Cincinnati, a 360 ton Borche and a 340 ton Krauss Maffei along with all new auxiliary equipment. The addition of MCI will allow ITI to greatly diversify its customer base while offering these customers an opportunity to expand their relationship with presses that range in tonnage from 140 ton to 3500 ton, the bulk of which have robot demolding.
While wishing the Cluthe family best of luck in their new paths in life, MCI will continue to provide excellent service to its customers and will continue to build on these relationships.
On a combined basis the companies will employ over 100 team members and will have annual sales in excess of $15 million. Both companies are ISO 9001:2015 certified.
About Injection Technologies is a full-service plastics company offering mold trials to full production and assembly with machines ranging from 140 tons to 3500 tons, plus two 1800 ton rotary presses (3 shot and 4 shot).
Injection Technologies Inc.