Velocity Equipment Solutions LLC, Acquires Molinaro Tool and Die (MTD) March 15, 2012
Today Velocity Equipment Solutions, LLC has announced the acquisition of Molinaro Tool and Die, Inc. (MTD). MTD is a manufacturer of blow mold and injection molding tooling, molds and parts. The business will be absorbed into Velocity Blow Mold Solutions. All of MTD’s employees have been offered positions with Velocity. The combined business will operate out of Velocity’s headquarters in New Castle, PA.
The acquisition will provide MTD’s clients with a state of the art manufacturing facility with extensive capabilities as well as access to a full range of blow mold products outside of MTD’s current offering. In addition MTD will benefit from Velocity’s manufacturing and quality systems. Both Companies’ share a culture of excellence in client service which will aid in a smooth transition for its clients. The acquisition provides some extension of Velocity’s product line as well as access to new clients.
The terms of the transaction were not disclosed.