NewHold Enterprises Announces Sale of F&S Tool to Berry Global
NewHold Enterprises Announces Sale of F&S Tool to Berry Global |
[17-April-2024] |
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 About F&S Tool NewHold Enterprises View original content to download multimedia:https://www.prnewswire.com/news-releases/newhold-enterprises-announces-sale-of-fs-tool-to-berry-global-302119239.html SOURCE NewHold Enterprises, LLC | ||
Company Codes: NYSE:BERY |