Synventive Molding Solutions,a world-leading designer, manufacturer, and supplier of custom process-improvement systems and related components for the injection moulding industry, has been acquired by Advent International, a global private equity investment company headquartered in Boston, Massachusetts, USA. Purchasing the company from Madison Capital Partners, Advent International will support Synventive in its five-year growth plan by providing financial and strategic resources to enable it to grow both organically and through possible acquisitions.
Synventive has multinational headquarters and factories in the United States and the Netherlands, with additional manufacturing facilities in China and Germany. The company employs more than 550 people worldwide and has a global network of sales offices that provide sales and service to customers in more than 50 countries.
The acquisition by Advent International is expected to enhance Synventive’s long-term value by allowing it to continue to focus intensely on customer needs and product innovation in its core specialty of hot runner control technology.
“Synventive will continue with its current strategy, which is to become the supplier of first choice to the plastic injection molding industry,” said Synventive president and CEO Dale Barnhart. Efforts to develop new products, shorten delivery cycles, improve product quality, and seek ways to increase the value of its systems to plastic-injection moulders will be paramount, Barnhart added. “Just as important, we will also continue to enhance our sales, application engineering, and postsales service support.”
Synventive will continue to expand its geographic reach. The latest example of this intention is the new facility the company opened in China, which began production in August.