New Injection Molding Group Emerges
Westfall Technik to expand organically and through acquisition.
A newly formed holding company founded by former Nypro CEO Brian Jones has purchased two injection molding companies in what it calls “the first steps in the realization of a vision to build a market-leading group of plastics experts whose combined synergies and integrated network provides optimum engineered solutions throughout the plastics manufacturing process.”
Jones’ firm, . in late October bought Fairway Injection Molds Inc., Walnut, Calif.; and Integrity Mold Inc., Tempe, Az. Both companies offer “premier customers and are committed to uncompromising operational excellence and customer service in their fields,” the company said in a release.
Westfall Technik plans to grow both organically and through strategic acquisitions. The holding company is supported by a strong partnership with growth private equity firms Lee Equity Partners and BlackBern Partners, who combined have more than $1.8 billion of assets under management. Westfall is currently in active acquisition discussions with premier tool makers and injection molding operations.
“We have a no-bureaucracy culture to optimize our customer response time, ensure efficient service, and provide excellent customer satisfaction,” says Jones.
Long-time injection molding machinery and processing executive Rick Shaffer is Westfall Technik’s managing director.
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