Midwest Composite Technologies (MCT; Hartland, WI), a portfolio company of Chicago-based private equity firm CORE Industrial Partners, announced the acquisition of ICOMold, a digital manufacturer with expertise in injection molding, CNC machining and urethane casting. The purchase of ICOMold, which is located in Holland, OH, and has operations in Shenzhen, China, follows MCT’s September acquisition of Fathom, an on-demand digital 3D-printing bureau.
|Midwest Composite Technologies (MCT) has more than 80 3D-printing machines on site. Image courtesy MCT.|
MCT offers on-demand digital manufacturing, combining 3D printing and traditional technologies. The company has more than 80 3D-printing machines encompassing a variety of additive technologies and a large footprint with more than 150,000 square feet of manufacturing capacity across three facilities.
ICOMold is a digital manufacturer that also specializes in prototype and production tooling and molds; injection molding, including overmolding and insert molding; and family molds. The company offers CNC machining of metals and plastics, as well as urethane casting. Its primary manufacturing capabilities are complemented by value-added secondary operations, including ultrasonic welding, hot plate welding, heat pressing, pad printing and silk screening.
Ryan Martin, CEO of MCT, said, “ICOMold’s molding expertise is an exceptional fit with our deep additive manufacturing capabilities at MCT and Fathom, and we’re pleased to continue to broaden our service offerings and enhance the customer service experience for our valued customers. Importantly, ICOMold’s digital front-end will enable MCT to leverage more capabilities and resources to increase output and enhance overall efficiency.”