We are pleased to announce that effective October 1, 2017, Jonathan Soucy has stepped into the role of President at MBS. We are thrilled to see Mr. Soucy in this new role, and happy to welcome former president, Terry Minnick, to the position of Chairman.
Private equity investment in the molding industry is at record highs. We have seen numerous high profile buyouts announced on the newswires in the last 2-3 years. So far in 2017, the following noteworthy companies have all been acquired or recapitalized in private equity sponsored transactions: R&D Molders, Xcentric Mold, Richardson Molding, Dutchland Plastics, Plastic… Read more »
Finding talented employees can be a difficult task for any business, but it can be especially challenging for plastics processors. Unemployment rates are approaching ten-year lows and, as countless articles suggest, there is an ever-widening skills gap in the workforce. In this tough hiring environment, many businesses turn to staffing and recruiting firms for help…. Read more »
In general, having one client dominate the majority of any business presents increased risks and will lower the enterprise value. As an example, if Acme Plastics Corp. has a value of six times EBITDA, that same company with a customer concentration might sell for five times EBITDA or even less. Customer concentration reflects the… Read more »
When the owner of a plastic molding company decides it is time to sell and exit the business, there are generally two overriding questions: How do I maximize the value of my business? How can I attract an acquirer that is a great cultural fit – for my customers and my employees? Maximizing value and… Read more »
The current and projected growth in Mexico’s manufacturing sector has created a burning need for additional injection molding capacity. For molders or other processors looking to enter the Mexico market, there are a lot of different options. The main ones include acquisition, greenfield site, shelter provider, strategic partnership and even opening a plant on the U.S…. Read more »
We are excited to announce that, in addition to moving to a new building, we have launched an all-new website. Visit www.moldingbusiness.com to see a fresh face with new features and content. We now have have a fully functioning job board, allowing recruiting candidates to apply for jobs online, as well as, regular blog posts, testimonials and… Read more »
Molding Business Services has outgrown its old office and moved to a new location. We didn’t move far; we are just a mile down the road. And everything is bright, shiny and new. If you are ever in the area, please make sure to stop by and check out our new digs. Our new address… Read more »