Major mold maker Tooling Tech Group has purchased Alpha Integration Inc., a company in Murfreesboro, Tenn., that provides custom automated assembly and inspection equipment.
Tooling Tech announced the acquisition May 30. Terms were not disclosed.
Alpha Integration employs about 45 people. The company will continue to operate out of its Murfreesboro location while its business practices will be integrated into the overall Tooling Tech Group operations.
Alpha Integration develops and manufactures assembly, material handling, dispensing, sorting, testing, welding and fastening systems for the automotive, cosmetic, electrical, construction and life sciences industries.
This is the fourth acquisition since 2018 for Tooling Tech, which is owned by New York private equity firm GenNx360 Capital Partners. Founded in 1982, Tooling Tech makes compression molds, blow molds, rotational molds, thermoforming tooling and die-cast tooling and metal stamping dies.
Based in Macomb, Mich., Tooling Tech employs about 600 people in 12 U.S. locations. The company is the second-largest mold and tool maker in North America, according to Plastics News ranking, with $185 million in sales.
A year ago, Tooling Tech acquired automotive mold makers Century Tool Group, which included two Michigan operations: Century Tool & Gage Co. and CTG Bel-Kur Automation.
Tooling Tech serves a range of industries including automotive, appliance, lawn and garden, agricultural, aerospace, marine and off-road vehicles.
“Alpha’s expertise in integrating a variety of processes into automated assembly and test solutions complements our existing capabilities and enhances our ability to serve our existing customers while enabling us to reach new markets such as the medical and cosmetics sectors,” said Lee Childers, CEO of Tooling Tech Group. “This is a very exciting time of growth for our company.”
Alpha President Matthew Phillips said he looks forward to working with the Tooling Tech Group leadership team to support existing customers and gain new ones. “Partnering with TTG provides us more flexibility with increased resources and capacity, as well as a wealth of industry knowledge,” Phillips said.
This post appeared first on Plastics News.