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- Blackford Capital, a lower middle market private equity firm, Wednesday announced the acquisition of Industrial Molding Corporation, 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.
- IMC is an independently run subsidiary of global precision metal manufacturer NN, Inc (NNBR).
- Davalor, a manufacturer and distributor of injection molded plastic products primarily for the automotive industry, is headquartered in Chesterfield, Michigan.
- The Davalor and IMC teams will operate as separate business units.
- Source: Press Release