based in Heartland Midwest Composite Technologies has acquired ICOMoldan Ohio-based company specializing in injection molding.
The acquisition was recently announced by CORE Industrial Partners, a Chicago-based private equity firm that owns MCT. Terms of the transaction were not disclosed.
The ICOMold transaction follows the company's September acquisition of FATHOMa bespoke digital additive manufacturer that combines 3D printing and traditional manufacturing technologies.
“ICOMold's unique technology leads to a truly differentiated customer value proposition that has built a quality reputation for industry-leading turnaround times and flexible, consultative customer service,” said Ryan Martin, CEO of MCT.
ICOMold is a digital manufacturer of prototypes and production parts in a variety of manufacturing technologies. While ICOMold is headquartered in Toledo, Ohio, the company also has facilities in Shenzhen, China.
The company's molding processes include prototyping and tooling and mold, overmoulding, insert molding, and family molds. ICOMold also offers CNC machining of metals and plastics as well as urethane molding.
MCT 3D prints parts to help companies develop new products. CORE acquired MCT in 2018. Martin, a former GE Additive executive, joined MCT at the beginning of this year as managing director.
