National Molding Corp. ~Management Buyout ~ July 2008
National Molding Corporation (NMC)
is a global specialty manufacturer of small, intricate injection
molded plastic components and fasteners for a diverse range of
world class customers. The Company’s proprietary Hetero Cavity®
System uses quick change modular, interchangeable tools which
allow NMC to manufacture multiple, unrelated products within one
production run and continually change and vary the product mix
based on customer demand. Over the last several years, NMC has
emerged as a critical low cost supplier of fastening and bearing
components for major automakers such as General Motors and
Honda. NMC’s strategy is to grow its proprietary fastener
business and pursue global expansion opportunities in China and
Europe.
Taglich Brothers provided the
majority of the required $7.75 million of equity capital. The
transaction's sponsor, Weatherly Group, LLC, arranged for
sub-debt financing from Calvert Street Capital Partners, who was
a co-investor in the company. Senior credit facilities were
provided by Fifth Third Bank.
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Taglich Brothers, Inc.
