Top-Performing Private Equity Firm Continues High-Value Investments in Niche Manufacturing Space Nashville, TN – August 13, 2014 – TVV Capital, an operationally focused private equity firm, announced today that it has acquired Ohio-based Design Molded Plastics (DMP). Terms of the transaction were not disclosed. The acquisition of DMP is the fifth investment from TVV Capital’s latest fund, TVV III, which closed in December 2013.
A certified supplier of custom injection molded products and value-added manufacturing solutions, DMP has a broad customer base serving the home appliances, sporting goods, automotive and consumer goods industries, among several others.
“DMP’s highly diversified customer base, as well as its ability to provide full-service engineering, tooling and manufacturing services translates into a high-growth business with the potential for continued rapid expansion,” said Andrew W. Byrd, President of TVV Capital. “Given TVV’s investment focus, the intrinsic value of DMP, and the U.S. plastic part production market’s current and projected growth, this investment is consistent with our strategy of delivering significant value to our investors.”
Legal advisors for TVV Capital were Bass, Berry & Sims PLC of Nashville, TN. Accounting services were provided by DGLF CPAs and Business Advisors of Nashville, TN.
About Design Molded Plastics
Founded in 1985, Design Molded Plastics (DMP) is a leading provider of custom full-service injection molding. DMP is known for providing outstanding technical capabilities and finely tuned manufactured products through the use of automated injection molding equipment. The company is considered an expert manufacturer of components for medical, automotive, protective equipment, home appliance and electronic products. More information about Design Molded Plastics is available at www.designmolded.com