NNBR - Blackford Capital Acquires Industrial Molding Corporation from NN Inc. | Benzinga
GRAND RAPIDS, Mich., July 03, 2024 (GLOBE NEWSWIRE) -- Blackford Capital ("Blackford"), a leading lower middle market private equity firm, announced today the acquisition of Industrial Molding Corporation ("IMC"), an injection molded plastic products manufacturer and subsidiary of NN, Inc. (NASDAQ:NNBR), as the first add-on acquisition for its portfolio company, Davalor Mold Company, LLC ("Davalor").
IMC is an independently run subsidiary of global precision metal manufacturer NN, Inc. Founded in 1947, IMC is a leading manufacturer of precision-engineered injection molded industrial components with international blue chip customers in a wide variety of end markets. The Lubbock, Texas-based manufacturer has an exceptional, long-tenured management team who will continue in their current roles.
Davalor, a manufacturer and distributor of injection molded plastic products primarily for the automotive industry, is headquartered in Chesterfield, Michigan. Under a new leadership team that includes CEO John Boeschenstein, Davalor's business has experienced rapid organic growth and an expanding customer mix in recent years.
"We are excited to welcome the IMC team to Davalor. We are committed to providing our customers with the most advanced, most reliable injection molded plastic products available. As we seek to expand our ...