Spectrum Plastics Group announced an alliance with a leading tool design and manufacturing company, which moved its Twin Cities operations into Spectrum’s molding facility in Minneapolis. This move addresses Spectrum’s customers' needs for high-quality, quick-turn tooling.
In an interview with PlasticsToday, Tim Nakari, director of marketing for Spectrum, said that the company isn’t releasing the name of the mold manufacturer to avoid confusion in the marketplace and to preserve the brand name that both companies have developed. The alliance provided the opportunity for the mold manufacturing company to expand into the larger space that it needed, and to provide mold services required by Spectrum’s Minneapolis operations. “This is a mutually beneficial alliance,” said Nakari.
Spectrum has tooling capabilities in its New York and Connecticut operations, but not in its Minneapolis facility. “We needed a tooling partner in Minneapolis to allow us fast response for tool modifications, revision changes, and customers’ need for faster time-to-market,” said Nakari.