Plastic Design & Manufacturing Acquired by Executive Team
Mike Groff, founder of the Montana based injection molder and moldmaker, has transferred ownership.
Ownership of Plastic Design & Manufacturing (PDM; Manhattan, Mont.) has been transferred from its founder, Mike Groff, to the company’s existing executive team, including Randy Scheid, president & CFO; James Smith, VP Operations & Engineering; and Darrell Witham, VP Sales & Marketing. Those individuals, along with Sam Lazcano, VP of PDM MX Operations, will run the company. Groff will retain a seat on the PDM’s board.
Founded in 1998, PDM operates two facilities, including the Montana plant with machines from 55 to 675 tons and 65 employees, and the Juarez, Mexico site with presses ranging in clamp force from 55 to 950 tons and 94 employees.
PDM is a full-service injection molder serving customers in the telecommunication, firearm, consumer goods, and pet product markets. In a release, Groff discussed PDM establishing and expanding a second facility in Mexico, and the company’s revenue growth to the $20 million range. “PDM currently has an impressive executive team, with the ability to grow the company and capably operate it to become a larger presence in the industry,” Groff said.
Montana-based injection molder and moldmaker Plastic Design & Manufacturing (PDM; Manhattan) has shifted ownership to the executive team. Source: PDM
Related Content
-
Injection Molding: Focus on these Seven Areas to Set a Preventive Maintenance Schedule
Performing fundamental maintenance inspections frequently assures press longevity and process stability. Here’s a checklist to help you stay on top of seven key systems.
-
Using Data to Pinpoint Cosmetic Defect Causes in Injection Molded Parts
Taking a step back and identifying the root cause of a cosmetic flaw can help molders focus on what corrective actions need to be taken.
-
Got Streaks or Black Specs? Here’s How to Find and Fix Them
Determining the source of streaking or contamination in your molded parts is a critical step in perfecting your purging procedures ultimately saving you time and money.
