Velocity Equipment Solutions LLC announced the acquisition of Molinaro Tool and Die Inc. (MTD), a manufacturer of blow-mold tooling and injection molds and parts. The terms of the transaction were not disclosed.
The MTD 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.