Velocity Equipment buys Molinaro Tool and DieVelocity Equipment buys Molinaro Tool and Die

Velocity Equipment Solutions LLC announced the acquisition of Molinaro Tool and Die Inc. (MTD), a manufacturer of blow-mold tooling and injection molds and parts. The terms of the transaction were not disclosed. 

The MTD business will be absorbed into Velocity Blow Mold Solutions. All of MTD’s employees have been offered positions with Velocity. The combined business will operate out of Velocity’s headquarters in New Castle, PA. 

The acquisition will provide MTD’s clients with a state-of-the-art manufacturing facility with extensive capabilities as well as access to a full range of blow-mold products outside of MTD’s current offering.

Velocity’s President, Tom Blaszkow, told PlasticsToday that by purchasing MTD, “Velocity is able to offer to MTD’s former clients a much broader range of solutions to improve their blow-mold operations. The acquisition also provides state-of-the-art manufacturing capability for MTD’s products. And finally, it provides additional engineering resources that will allow Velocity to bring new technologies to clients at an accelerated pace.”

Velocity has always had moldmaking capability. “While this transaction extends that capability, is was not a major factor in the decision,” said Blaszkow. “It does offer the ability for Velocity to manufacture injection molds.”

In addition, MTD will benefit from Velocity’s manufacturing and quality systems. Both companies seek to foster a culture of excellence in client service which is expected to aid a smooth transition for customers. The acquisition provides some extension of Velocity’s product line as well as access to new customers. 

Velocity Blow Mold Solutions is a packaging machinery company which provides machinery and services into the capping, blow molding, and bulk water industries. Its products include the design and manufacture of new reciprocating blow-mold machines, rebuilding services, molds, tooling, and parts and service for the HDPE blow-molding industry. With more than 30 years of experience in the production and design of blow-mold machines, the company also offers spare-parts inventory management for Uniloy, Liberty, Recip 2000, or Portola Blow Mold machines. 

“The company employs approximately 45 full-time employees, making it one of the largest and most capable service providers in the industry,” stated Glaszkow. “Velocity has grown at a rapid pace and the acquisition was an expeditious way to add technical depth to Velocity’s organization and accelerate the release of technologies currently in the development pipeline.

The company also just announced that it opened a new hub facility in Santa Fe Springs, CA (southern California) to meet West Coast customer requirements for spare parts and service. Miquel Garcia has joined Velocity as the Western Region sales rep. Velocity also has a sales and distribution facility in Woodford Halse, Northamptonshire, England.