With the Moldguide, Tech2know offers a pioneering digital solution to assist the inexperienced employees in the production. All relevant operating information on equipment such as injection moulding tools is stored on a cloud-based platform in a didactic format. This enables employees to quickly find solutions and use instructions on how to use the equipment in a targeted manner. Additionally, the employees can easily document their own experiences and solutions in the same place. The result is a Knowhow-Pool that can be viewed and updated easily via an access code on the equipment. There is no need to search for operating instructions and information, and errors and waste are reduced.

It's a situation that many injection moulders know all too well: an injection mould has been running smoothly for days and suddenly an error occurs. The part is not fully moulded, a hot runner nozzle is clogged or burrs appear... Not a situation that would make an experienced machine operator or fitter helpless. It's different for inexperienced employees and career changers. Arising hectic leads to mistakes. A minor issue quickly turns into real damage with corresponding costs. Or, the machine is simply switched off until an experienced colleague arrives. Production downtime often results in high costs for the processor.

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.

In the fast-paced world of injection moulding, even a small error can lead to costly downtime, especially for less experienced operators. Tech2know's Moldguide offers a cutting-edge digital solution to this challenge by providing easy access to crucial operating information and fostering knowledge sharing among employees.

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.

“In mould maintenance, the number of skilled workers is also decreasing and errors in handling capital goods are increasing,” adds Klaus Lemke, Managing Director of Triwefo. “That's why the Moldguide is also highly attractive for mould producers like Triwefo. With minimal additional effort, we provide our customers with instructions for use that point out the special features of a mould individually and provide long-term training on how to use the mould correctly. It reduces our support costs and strengthens customer loyalty.“

“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."

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Dr Patrick Messer, Head of Application Technology at Boy, also sees the Moldguide as a forward-looking solution. “Especially when injection moulds are relocated or only used temporarily, a lot of knowledge is lost in practice. However, digital platforms such as the Moldguide can provide efficient support. We at Boy see ourselves as drivers of innovation and are therefore pleased to support solutions that offer our customers additional added value.” The company will be presenting the Moldguide at its Fakuma booth in Hall 7, booth A7-7101.

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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.

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.

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.”

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“The growing shortage of skilled labour means that more and more companies are increasingly relying on career changers,” explains Dr Thornagel, owner of Tech2Know, and adds: “Efficient knowledge transfer and the active storage of knowledge are becoming a business success factor.” According to the provider, the Moldguide is a solution that is very easy to use and integrate into company processes.

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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.

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