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Aug 08, 2023Nelson Miller Group purchases New Jersey molder Injection Works
Manufacturing firm Nelson Miller Group has acquired injection molder Injection Works Inc. for an undisclosed price.
Mount Laurel, N.J.-based Injection Works makes custom injection molded plastic parts and assemblies for customers in medical, industrial, electrical and other end markets.
NMG of City of Industry, Calif., is a manufacturer and logistics provider owned by private equity firm New Water Capital of Boca Raton, Fla.
NMG employs around 250 at five sites in the U.S. and two in China. The firm has nearly 900 customers, including about 100 that source injection molded parts from NMG.
In an email to Plastics News, NMG President and CEO Jim Kaldem said that part of NMG's growth strategy was adding a U.S. presence in injection molding.
"We were hoping to find a profitable, well-run company to potentially add sales to," he added. "We were delighted when we found Injection Works."
"We all felt [Injection Works] is one of the best small businesses we have ever seen," Kaldem said. "The facility is exceptionally well maintained, organized, varied capabilities and great people."
Injection Works operates 24 injection molding machines with presses ranging from 20 to 720 tons.
"We wanted a location we could just grow, not have to fix, and we found one," Kaldem said. He added that Injection Works founder and CEO Chris Rapacki and all other Injection Works employees will be staying with NMG.
"Our intention is to use our sales channels to bring additional business to the facility," Kaldem said. "We know if our customers see the facility, they'll will want the people at Injection Works to make product for them."
Injection Works was founded in 1988 as Eptech Corp in eastern Pennsylvania. It later relocated to New Jersey after acquiring the injection molding division of the A.L. Hyde Co., which has operated since the 1950s. The company was renamed Injection Works in 2010 as a way to communicate its core services to prospective clients.
In addition to manufacturing, the firm offers engineering and design support, secondary assembly and other processes.
Rapacki and Injection Works "have built an exceptional reputation over the years, and we are eager to partner with them to continue to grow its legacy," New Water Capital Principal Matt Carlos said.
MBS Advisors served as financial adviser to Injection Works on the transaction, while Kirkland and Ellis served as legal counsel to NMG.
New Water Capital invests in consumer products, industrial manufacturing and service sector firms with annual sales of between $30 million and $300 million.
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