The market for domestically produced engineered parts is growing rapidly and Nilan is uniquely positioned to take advantage that growth.
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Addison, IL (PRWEB) July 12, 2012
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.
The new owner, Tyler Jeffrey, is President and CEO of the new organization. Jeffrey, a resident of LaGrange, Il, has over 23 years of business experience in a wealth of industries, most recently as the Sr. Vice President at World’s Finest Chocolate in Chicago. Hermann will remain with the business to aid in transition and provide technical expertise, training, and consulting. Nilan Tool and Mold has been an industry leader in making molds for injection molded rubber parts. Nilan specializes in high tolerance parts for the automotive, aerospace, and medical industries.
“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.
For questions contact Tyler Jeffrey at 630-543-7114 or Tyler(at)nilantool(dot)com