The acquisition will broaden the company’s capabilities in plastics — including design for manufacturing, rapid prototyping, tooling, production and assembly
Tenere Inc., a full service provider of complex metal and plastic components and assemblies, today announced the acquisition of Mountain Molding, LLC, a custom plastics injection molding company offering both tooling and production. The acquisition broadens Tenere’s plastics offering, and enhances their services and capabilities allowing customers to go from product design and prototyping to production quickly and seamlessly.
“We’re proud to welcome Mountain Molding to the Tenere family,” stated Greg Adams, CEO of Tenere. “Mountain Molding shares our commitment to providing the highest level of service and product quality to customers. By combining forces, we look forward to offering all customers greater flexibility and an enhanced menu of capabilities to better meet their needs at any stage of the product life cycle.”
Mountain Molding has been providing custom plastic molding services since 1976 with an attention to excellent service, superior quality, and comprehensive customer support. Mountain Molding serves customers in the medical, security, pet products, consumer products, electronic equipment, and defense industries, among others. Mountain Molding provides its customers with a broad spectrum of services including new mold design and development, transfer of existing molds, injection molding, assembly, contract manufacturing, inventory management, and full product life cycle support. Located in Longmont, Colorado, the company operates with over 50 employees and approximately 50,000 square feet of manufacturing space.
“We see strong synergies with the team at Tenere and believe this combination will greatly benefit all our customers,” stated Don Cheyne, president of Mountain Molding. “The greater depth of resources and experience available with our partner will allow us to enhance and expand the services we offer.”
In Tenere’s acquisition of Mountain Molding, MB Business Capital and Medley Capital served as the lenders, and Goodwin Procter LLP provided legal counsel.
About Tenere Inc.
Tenere Inc. makes advanced, customized components from metal and plastic for companies with highly demanding, fast-changing product needs. Founded in 1966, the company is headquartered in Dresser, Wis., and operates four manufacturing facilities in Wisconsin and Colorado. Tenere was acquired by Watermill Group in 2012. Tenere specializes in fabricated sheet metal, injection molded products, machining, and rapid prototyping, as well as providing integration for system-level assembly services. Tenere is a full-service supplier to original equipment manufacturers (OEMs) in the network communications, agriculture, medical, and aerospace industries.