News

Big 3 Precision Products Inc, a portfolio company of TVV Capital, has acquired Sur-Form Corp.

Financial terms weren’t announced. Chesterfield, Michigan-based Sur-Form provides material handling solutions.

March 09, 2016 11:52 AM Eastern Standard Time
NASHVILLE, Tenn.–(BUSINESS WIRE)–TVV Capital, an operationally-focused private equity firm, announced today that its portfolio company, Big 3 Precision Products, Inc., acquired Sur-Form Corporation, a leading provider of material handling solutions. Terms of the transaction were not disclosed. The acquisition of Sur-Form is the seventh investment for TVV Capital’s latest fund, TVV III.

“The acquisition of Sur-Form highlights TVV’s focus on growing portfolio companies through add-on investments that provide operational and market synergies,” said Andrew W. Byrd, President of TVV Capital. “We acquired Big 3 Precision in 2012 and believe the addition of Sur-Form will expand the growth opportunities for the combined companies. Sur-Form’s expertise in thermoforming and injection molding complements Big 3’s design and build capabilities while expanding their sales to Ford, General Motors, and Fiat Chrysler. Sur-Form’s operations are headquartered near Detroit and are expected to provide additional manufacturing capacity and distribution capabilities for Big 3.”

Commenting on the acquisition, Big 3’s President and CEO, Alan Scheidt, stated, “We are excited about Sur-Form’s team joining the Big 3 family. We are pleased that Ed Stacey, founder and President of Sur-Form, will continue to lead his team. They have a great reputation in the industry for designing, prototyping and manufacturing high quality packaging solutions. Sur-Form’s 45,000 square foot facility is ISO 9001 and ISO 14001 certified and highlights their commitment to quality. We also expect their extensive manufacturing experience and strong management team to be very complementary with Big 3 while expanding our combined growth opportunities.”

Sur-Form’s thermoforming capabilities include design, prototyping and production tooling. Thermoformed products include dunnage trays that are designed to protect and transport products, such as sensitive or machined parts. The Company’s injection molding services include design and prototyping. Injection molded products include bar dunnage to provide separation of parts; flipper dunnage that features multiple finger-like details that pivot independently on one axis and flip open to allow the material handling operator to load the product and flip closed to lock the product in place; and custom injection molded trays that include shipping and processing kit trays and precision automation trays. The Company also designs and builds innovative seat pallet systems for the automotive industry. Sur-Form has worked closely with Fiat Chrysler, Ford, and other Tier 1 suppliers to develop seat pallet systems that streamline customers’ manufacturing and assembly processes.

About Sur-Form Corporation
Sur-Form is a leading provider of material handling solutions. The Company was founded in 1997 by Edward Stacey, Jr., a veteran of the materials handling industry. The Company designs and produces reusable materials handling equipment for the automotive industry, both as a supplier to other materials handling businesses and as a direct supplier to the automotive industry. More information about Sur-Form is available at www.sur-form.com.

About Big 3 Precision Products, Inc.
Big 3 is market-leading manufacturer of injection blow molds, tooling and fabrication products. The Company’s diversified customer base includes pharmaceutical and personal care products companies including GlaxoSmithKline, Bristol-Myers Squibb, and Procter & Gamble, and leaders in the automotive industry including Ford, General Motors, and Fiat Chrysler. Big 3 was founded in 1970 and is headquartered in Centralia, IL. TVV acquired Big 3 in 2012. More information about Big 3 is available at www.big3precision.com.

Advisors
Legal advisors for TVV Capital were Bass, Berry & Sims PLC of Nashville, TN. Accounting services were provided by Marcum LLP (formerly DGLF CPAs & Business Advisors) of Nashville, TN.

About TVV Capital
TVV Capital (Nashville, TN) is an operationally-focused private equity investment firm that targets high-performing niche manufacturing companies in the lower middle-market. The firm seeks to accelerate portfolio growth and expansion through an operational value-added approach, utilizing senior manufacturing executives to forge close working partnerships with portfolio company leadership. TVV employs a direct-to-owner acquisition sourcing model that targets companies with enterprise values from $10 to $100 million, EBITDA margins of 10 to 25 percent and characterized by consistent profitability, strong management, and identifiable growth prospects. The firm is managed by an experienced team that has established a 17+ year track record of delivering best-in-class investment returns. For further information, please visit www.tvvcapital.com.

Visit Big 3 Precision at the 2015 NPE Show in Orlando, FL

Meet Big 3 Precision’s sales, engineering, and management staff at the 2015 NPE show. Our team can discuss and demonstrate the latest and greatest capabilities in Inject Blow Mold and Inject Stretch Blow Mold Tooling. Whatever your situation may be, Big 3 has your total solution so stop by and see us anytime March 23rd – 27th at booth #S32162.

View an interactive floor plan of this year's show

For more information, visit the NPE website at www.npe.org.

Big 3 Precision and Milacron Form Tooling Partnership

Milacron announces Tooling Partnership with Big 3 Precision Molds

Alliance to promote Advanced Technologies, Turn-Key Systems for Injection Blow Molding

Milacron, combining the collective technologies of Uniloy, Mold-Masters, Kortec and DME, is proud to announce a partnership agreement with Big 3 Precision Molds. This partnership brings together industry leaders for the development and commercialization of technologies in the injection blow molding sector of the plastics industry. The partnership features a state-of-the-art technical center that will allow Milacron and Big 3 to work closely with customers for the development of complete, turn-key injection blow systems, both for monolayer and co-injection applications.

The technical center will be located at Big 3 Precision’s Millville, NJ facility. In addition to the mold making capabilities, the partnership will provide a GMP certified, climate-controlled lab with two Uniloy Injection Blow Molding Machines, both of which will be fully supported by Uniloy technicians.

One of the Uniloy machines is dedicated to monolayer applications utilizing their latest UIB 199-3 Hybrid Injection Blow Molding Machine. To facilitate this development work, and in addition to the machine, the consortium will have available a 20 cavity test mold with the latest Mold-Masters Axiom Hot Runner Technology for a 50/60 cc tablet bottle.

This machine system will be available for customer demonstrations and a broad offering of hands on training programs, including, but not necessarily limited to, the set-up, operation, maintenance and processing of systems as well as each of the individual components; machine, mold, and hot runners.

For co-injection blow molding development, there will be a smaller Uniloy injection blow molding machine outfitted with the latest co-injection Hot Runner technologies from Mold-Masters and Kortec including the versatile E-Multi auxiliary injection unit from Mold-Masters.

Currently, this machine is set up for a series of co-injection developments targeted for the Medical/Pharma industry. The focus is currently dedicated to barrier applications using COC/Nylon/COC and PC/Nylon/PC material combinations. Development work has proceeded quickly producing the first commercially available system from Uniloy using Mold-Master’s hot runner technologies and Big 3 Precision Mold technologies.

Additionally, this consortium of industry leaders will focus on the collaborative development of high-cavitation tooling featuring the most advanced technologies and products of DME, Mold-Masters (Axiom hot runner, TempMaster controller technology) and Big 3 by virtue of the capability of the technical center to facilitate resin testing, process development and tooling validation/optimization for our customers.

This capability for process optimization of new injection blow molds will provide customers with plug and play advantages. Essentially, customers can be assured that, when the tools arrive, they are receiving a process that is already optimized and transferable to their factory floor, giving them higher productivity and lower scrap.

Milacron will also be offering a turn-key systems approach to the injection blow molding market consisting of a Uniloy Machine, Big 3 Precision Molds, Mold-Masters Axiom Hot Runner and TempMaster controls integrated into the machine. Customers will be able to source from one company the machine, hot runner, die set, production mold and auxiliary equipment fully integrated and tested prior to shipment to the plant. Uniloy and Big 3 will also provide in-plant assistance during the initial installation of the mold and tools.

According to Eric Hallstrom, Sales Manager- New Business Development, “We are employing the total systems approach that has been so successful for Uniloy’s intermittent extrusion, reciprocating screw technologies.” He added, “In that line of our business, we have always supplied the entire system by coordinating the container design, the mold engineering, manufacturing and the necessary specifications, engineering and assembly of the machine. Essentially, we take over all of the development and engineering work of the system and concentrate on delivering to our customers a fully integrated, fully qualified system for the production of the ultimate container or product–our customers have really come to value that approach to their needs.”

This partnership and the technical center at Big 3 Precision brings together the top talent from each of the respective companies that will produce technologies for customers in the injection blow molding market that have not previously been seen before. Customers are increasingly looking for increasing levels of productivity, reduced energy demands, improved efficiencies without any compromise of operator safety.

Milacron, for the injection blow molding industry, is uniquely positioned to satisfy those industry requirements.

About Milacron LLC Milacron LLC and its businesses are committed to being the leading suppliers of plastics-processing technologies and industrial fluids around the world. The people of Milacron’s companies know what matters in manufacturing, and every day, put this know how to work to help customers improve productivity, cut costs, increase energy efficiency, eliminate scrap and reduce cycle times. For more information, visit http://www.milacron.com.