Another focus that accompanies business development at Euroform is digitalisation. The company has had a paperless working environment for many years, from design through to quality control. The mould maker is an enthusiastic adopter of the digital 'my DMG MORI' app when it comes to online service requests, which Zwick said significantly accelerates the process of calling in a service technician.

Founded in 2010, Blackford Capital focuses on the acquisition and management of founder- and family-owned lower middle-market companies in the manufacturing, industrial, and distribution sectors. The company is based in Grand Rapids, MI.

Five-axis simultaneous machining of workpieces up to 1,100 mm in diameter by 1,600 mm and weighing 2,200 kg had already been carried out on a DMU 100 P duoBLOCK in the factory. Euroform's experience with the machining centre was consistently good, leading to the purchase in 2022 of a latest-generation model with a 1,000 × 1,250 × 1,000 mm working envelope.

The DMU 100 P duoBLOCK 5-axis machining centre with PH Cell 2000 pallet storage and handling system on the shop floor at Euroform, Budapest.

Founded in 1947 and based in Lubbock, TX, IMC molds precision components for global customers in a variety of end markets. The long-tenured management team will continue in their current roles, said the news release.

Private equity firm Blackford Capital has acquired Industrial Molding Corp. (IMC), the first add-on acquisition for its portfolio company, Davalor Mold Co. IMC is an independently run subsidiary of NN Inc., a precision metal manufacturer based in Charlotte, NC, with a global footprint. NN Inc. said total net cash proceeds would reach approximately $16 million. IMC is NN’s sole plastics processing plant and, as such, was targeted for divestment because it was not core to its strategic direction.

The Informa Markets Engineering network of B2B media sites includes Design News, Battery Technology, Medical Device & Diagnostic Industry (MD+DI), Packaging Digest, PlasticsToday, and Powder & Bulk Solids.

"With targeted investment in technology and the training and further education of junior staff, we will continue to successfully meet these challenges.”

Headquartered in Chesterfield, MI, Davalor provides injection molding services primarily for the automotive industry. It was acquired by Blackford Capital in 2016, and the addition of IMC to the portfolio “marks an initial stride toward establishing a global, full-service plastics injection molding business with a range of capabilities and a diversified, global customer base,” said Blackford Capital.

When Euroform ordered the new DMU 100 P duoBLOCK, DMG MORI already had a large pallet handling system in development, based on the smaller, proven, modular PH Cell 300. The bigger capacity automation system handles pallets measuring up to 1,100 mm in diameter, so is able to deploy Euroform's 1,000 × 800 mm pallets. The PH Cell 2000 has twelve pallet positions on two levels and can accept workpieces up to 1,350 mm tall. (Other variants are available with three or four racks housing up to 17 or 21 pallets respectively.)

Echoing those comments, Blackford Capital founder and managing director Martin Stein noted that IMC’s seasoned leadership team and deep expertise in the plastics injection molding industry will be a “capability multiplier for our customers.” The acquisition, he added, builds a “solid foundation for accelerated and sustained growth within the Davalor platform, paving the way for continued expansion and innovation.”

Stefan Wolf, Euroform's managing partner said: "We play a pivotal role in automotive supply chains and our work begins in the early development phase of a new vehicle. Technical competence is crucial for exploiting the potential of innovative manufacturing solutions and CADCAM systems."

Wolf concluded: "Automated manufacturing and digital processes are essential, given the current challenges in the global marketplace.

"The recent Corona pandemic, the war in Ukraine and high inflation have clearly shown us that we need to develop constantly in order to remain competitive.

“We are excited to welcome the IMC team to Davalor. We are committed to providing our customers with the most advanced, most reliable injection molded plastic products available," said Davalor CEO John Boeschenstein. "As we seek to expand our capabilities beyond our core plastic injection molding offering, we are thrilled to have found a strategic partner with a great management team, a professional and highly capable staff, and a strong, design-for-manufacturing approach to injection molded plastics. I look forward to working together to expand our capabilities on a national scale."

Euroform has been using machine tools from DMG MORI since 1995, latterly in a modern factory that it moved into in 2011 and expanded in 2016. Managing Director responsible for day-to-day business at Euroform, Krisztina Zwick, mentioned the supplier's broad machine portfolio and good service: "DMG MORI was one of the first machine tool manufacturers to open a subsidiary in Hungary, which meant that response times were always quick when service was required. Our latest investment in automation was necessary to utilise the machine during unattended shifts, giving us a competitive edge.”

As Euroform almost exclusively manufactures one-offs, pallet handling such as the PH Cell 2000 is the optimal solution. Operators set up jobs offline on several pallets using a zero-point clamping system while machining is in progress on another mould, so production downtime is minimal, even at night.

The firm currently uses eight machining centres from DMG MORI for tool production, including DMU monoBLOCKs, an HSC 75 linear and, most recently, a DMU 100 P duoBLOCK with PH Cell 2000 automation system for pallet handling to allow unattended production at night and during the weekends.

Blaige & Co. served as the exclusive financial advisor to NN Inc. on the transaction. Greenberg Traurig LLP served as counsel for Blackford Capital, with legal entity support from Varnum LLP. Parliament Capital Management provided lending for the acquisition, with legal support from DLA Piper. Plante Moran advised on financial and tax diligence, and Signature Associates CRE brokered the Sale Leaseback transaction with STORE Capital.

Based in the Hungarian capital Budapest, Euroform was established in 1993 to provide a tool and mould making service from design to production and trialling. Approximately 70 employees fulfil innovative solutions for a range of different injection moulding processes, mainly for customers in the automotive industry.