In an effort to better service its global customers in North America, Plastisud, a French mold manufacturer of large-cavitation molds for the thin-wall packaging and beverage closures markets, announced the acquisition of Mt. Vernon, Kentucky-based Integrity Mold & Die. According to Plastisud's (Castelnaudary), this acquisition is the beginning of a "worldwide deployment in order to better satisfy customers' expectations."
Founded by molders Dwight Looney, Kyle Thompson and Rick McGraw in 1989, Integrity Mold & Die grew into a manufacturer of precision molds for thin-wall packaging. In particular, the company specializes in high-cavitation hot runner tools and stack molds.
Looney, who serves as the company's VP of Engineering, told PlasticsToday in a telephone interview from France, where he is in meetings with Plastisud this week, that Plastisud found Integrity while it targeted firms for a North American acquisition.
"As with a lot of European companies, they do business in North America - about 25% of their sales are from North American customers - and they wanted to find a partner to support the business they currently have in North America as well as build new business for the future," Looney said.