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Singapore-Based Sunningdale Tech Acquires Moldworx LLC

Image: iQoncept/Adobe Stock M&A on stock-market-like ticker
This is the global mold maker’s first expansion in the United States.

Jim Taylor, founder and owner of Moldworx LLC in Chandler, AZ, wasn’t particularly looking to sell the business he started 25 years ago, but when a good offer came along, he decided it was time. On Nov. 6, 2020, Singapore-based global precision plastics manufacturer Sunningdale Tech Ltd. completed the acquisition of Moldworx via its wholly owned subsidiary Sunningdale Tech Inc. in Michigan.

Moldworx will retain the name as well as all 35 current employees, including Taylor, who is now Vice President and General Manager. His business partner, Joe Motyka, will stay on as Director of Operations. Sunningdale Tech employs approximately 8,000 people globally and operates more than 1,000 injection presses.

Taylor explained that Sunningdale has 18 manufacturing facilities in eight countries around the world, with a support office in Michigan. “This marks Sunningdale’s first expansion into the US,” said Taylor.

Sunningdale builds injection molds for presses in the 10 to 1,800 ton range, primarily for the automotive, consumer, and healthcare markets. Film insert molding, liquid silicone rubber, stack molds, multi-shot, gas-assist, and molds for thin-wall, high-speed processes are specialties.

Moldworx began as a mold design and manufacturing operation and eventually grew into molding. Today, Moldworx operates 10 injection molding presses ranging from 55 to 400 tons. The mold-making division builds molds primarily for components for the drug delivery/pharmaceutical market. The molding division serves a variety of markets, including consumer, agriculture, and healthcare.

Taylor and his team have grown the company successfully to a size where acquisition opportunities tend to materialize.

“The next big step to expansion requires a substantial amount of capital infusion. While we weren’t looking to sell, Sunningdale was looking for entry into the US market with a successful company that was aligned with their capabilities in the markets they serve,” said Taylor. “We’re looking forward to being part of the next phase of the continued growth of Moldworx.”

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