PORTAGE, Mich.—A new owner has stepped in at injection molder W-L Molding Co. with plans to see new growth at the company at its existing location and with the current work force.
A private investor formed the group W-L Molding of Michigan L.L.C. to purchase the assets of the Portage-based molder, said Matt Miller, managing director of BlueWater Partners L.L.C. a Grand Rapids, Mich.-based company that served as an adviser on the process. The new owner is involved with a non-competing plastics company, but chose not to disclose his name at this time.
W-L Molding will continue to operate as an independent firm, Miller said. The firm opened in 1945 and makes both thermoplastic and thermoset components used for firefighting equipment, the power tool, fuel delivery systems and other industries.