Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 289

CORE Industrial Partners Portfolio Company Midwest Composite Technologies Acquires ICOMold

Posted by fidest press agency su martedì, 10 dicembre 2019

CORE Industrial Partners (“CORE”), a Chicago-based private equity firm, announced today the acquisition of ICOMold (the “Company”), a leading digital manufacturer with an expertise in injection molding, by CORE portfolio company Midwest Composite Technologies (“MCT”). The ICOMold transaction follows the acquisition in September of FATHOM, an on-demand digital additive manufacturer that combines 3D printing and traditional manufacturing technologies. The combined company’s global footprint now includes over 185,000 square feet of manufacturing capacity across five facilities on two continents. Financial terms of the transaction were not disclosed.
Headquartered in Toledo, Ohio, with a second facility in Shenzhen, China, ICOMold specializes in injection molding, including prototype and production tooling and molds, overmolding, insert molding and family molds, and also offers CNC machining across both metals and plastics as well as urethane casting. The Company’s primary manufacturing capabilities are complemented by value-added secondary processing, including ultrasonic welding, hot plate welding, heat pressing, pad printing and silk screening. Combining an interactive, automated quotation system capable of providing feedback in 30 seconds with an intuitive, customer-facing project management portal, ICOMold serves a highly diversified customer base across a variety of end markets, including medical, consumer, industrial, electronics and transportation. The Company holds an ISO 9001:2015 certification. Michael Zhao, Founder and President of ICOMold, said, “On behalf of ICOMold, we’re very excited to join forces with MCT and FATHOM. We firmly believe the technology-enabled customer experience at ICOMold is unparalleled, and we’re confident the capabilities of the combined business and the resources from CORE will allow us to successfully pursue our mutual goal to build a market-leading advanced manufacturing firm for prototype and production parts. We look forward to combining with MCT to help drive further growth into the business and expand our service offerings to our customers.”

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