Oldcastle tool and mould firm partners with U.S. company
Monday, April 6, 2015
The Windsor Star/Grace Macaluso
A local tool and mould shop will be undergoing a $10 million-plus expansion, with plans to double its capacity and workforce over the next 18 months, thanks to a new partnership with a Michigan firm, a company executive said.
Proper Group International, a Warren-based company that services the plastics industry, has acquired a majority ownership interest in Cutting-Edge Technologies in Oldcastle, said Sean O’Neil, president of Cutting-Edge Technologies.
Launched 14 years ago, O’Neil’s company specializes in high-precision machining services for the tool, mould and die sector. The investment will allow his company to not only better serve current customers but branch out into design and building of moulds, he said.
“We will be adding more people, more equipment and more space,” he said, noting that floor space current stands at about 17,000 square feet.
“This investment by Proper Group International is part of their long term plan to build a machining and engineering group to support their growing global customer base,” he added. Cutting-Edge Technologies will focus on serving new and existing customer in the tooling and assembly equipment markets as well as building and servicing injection moulds for the Proper Group family of companies, he added.
Cutting-Edge’s workforce of 35 could more than double if the company can recruit skilled trades workers, such as designing and engineering staff.