Sunday, July 15, 2012

Nilan Tool and Mold Changes Ownership

Nilan Tool and Mold, a leading manufacturer of molds for injection molded rubber components, completed the sale of it’s assets on July 9th, 2012. For more than 40 years, Nilan Tool has been designing and fabricating molds for the rubber and plastics industries. Building molds from standard compression to state-of-the-art valve gated cold runners has made Nilan a leader in the medical, automotive and aerospace industries. Hermann Grabenstatter, the outgoing Owner and President, has been involved with Nilan for over 40 years. “The market for domestically produced engineered parts is growing rapidly and Nilan is uniquely positioned to take advantage that growth” says Grabenstatter.

“Hermann has built a strong business with a unique niche. I plan to continue his legacy and grow from the solid foundation he’s built.”, said Jeffrey.

Employees and customers were notified this week of the change. The company will look to increase sales through enhanced offerings, skills, and a dedication to industry leading quality. Nilan has been a supplier for over 30 years to Federal Mogul, CR Industries, DANA Corporation, Freudenberg-NOK, and Parker Hanifin Corporation to name a few.

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