NEW
YORK, April 17, 2024 /PRNewswire/
-- NewHold Enterprises, an operationally focused investment
firm, is pleased to announce the sale of F&S Tool, a leading
North American designer and manufacturer of precision injection
molding tools, to Berry Global Group, Inc. (NYSE:
BERY). F&S Tool operates a 90,000 square foot facility
located in Erie, Pennsylvania,
with 11 issued/pending patents and 105 employees focused on
proprietary technologies to serve a large and diverse addressable
market. The sale was completed on April
05, 2024.
NewHold Enterprises announces the sale of
F&S Tool to Berry Global Group, Inc.
"F&S Tool is a leader in precision injection molding tools,
with best-in-class manufacturing and sampling and unique
technology. We believe the company's unique innovations and
intellectual property is a fantastic addition to Berry's global
tooling capability," said Kevin
Charlton, Co-Chairman at NewHold and Vice Chairman of
F&S Tool. "It has been a pleasure to partner with JD and
Mike Faulkner, our CEO Bryan Mikula, and the entire team at F&S
Tool for the past few years and be a part of their history. We wish
them continued success under Berry's leadership."
F&S Tool was founded in 1983, and NewHold invested in
2020. The company has grown to be a market leader with
proprietary technology in high-end growth markets, achieving
industry leading cycle-time improvements through proprietary
cooling techniques and best-in-class manufacturing/sampling.
About NewHold Enterprises
NewHold is an operationally focused investment firm that partners
with management teams of lower middle market industrial and
business services firms with the goal of transforming them into
middle market sector leaders. NewHold retains the flexibility to
retain ownership in the companies as they grow, thereby encouraging
a long-term focus on company culture and sustainable growth. Learn
more at www.newhold.com.
About F&S Tool
F&S Tool was founded in 1983 and operates a 90,000 square foot
facility located on the shores of Lake
Erie in Erie, Pennsylvania,
USA. F&S Tool specializes in high output, high efficiency hot
runner injection molding applications typically with 2-6 million
cycles expected per year. In addition to injection molding, F&S
Tool is an expert in high volume compression molding applications
with similar throughputs. Learn more at www.fstoolinc.com.
NewHold Enterprises
Amanda Tarplin
Tarplin Consulting
908-872-4804
amanda@tarplinconsulting.com
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SOURCE NewHold Enterprises, LLC