Plastics News - Show Daily - October 21, 2022 - 11

SHOW DAILY
Plastics News, October 21, 2022 * 11
Mold maker Big 3 marks its growth at K 2022
By Steve Toloken
Plastics News Staff
Mold maker Big 3 Precision
Products Inc. sees K 2022 as
something of a coming out party.
The U.S. company has added
two other mold making operations
in the last three years, giving
itself a larger global footprint
and adding technologies and capacities
around the blow molding
markets it serves.
" The world's gotten smaller -
we like to think we've got a global
reach, " said Duncan Hardy, global
sales manager for the Centralia,
Ill.-based fi rm. " We'll be able to,
for the fi rst time, represent all of
our businesses in one place. "
Jokingly, he added: " We don't
know what to expect. "
Since 2019, the company acquired
Hallink Moulds Inc., a
Canadian maker of stretch blow
molds, and Associated Toolmakers
Ltd., a manufacturer of injection
molds in the United Kingdom.
It now gives Big 3 capabilities in
tool building for injection blow
molding, injection stretch blow
molding, stretch blow molding
and injection molding.
Hardy said the idea is for Big 3
to be able to offer more complete
mold building around packaging,
from a bottle manufactured with
any of the blow molding processing
to injection molded components
like caps.
" If somebody came from a very
BIG 3 PRECISION
PRODUCTS INC.
Hall 13,
Booth A89
from TVV Capital. The acquisition
included both Big 3's mold
making unit and a division that
makes returnable plastic and
metal packaging.
Publicly traded Eastern, which
reported $246.5 million in sales
last year, also has subsidiaries
that make accessories for commercial
trucks and hardware for
security applications.
Hardy said Eastern has a longterm
view of Big 3's business.
" They're not a venture capitalist,
Duncan Hardy, global sales manager for Big 3 Precision Products Inc., sees K 2022 as something of a
coming out party for the U.S.-based mold maker.
Plastics News photo by Marco Stepniak
global customer like Amcor, we're
a one-stop shop, " he said. " I think
what's important is we now have
four different resources. The idea is
that eventually each facility will be
able to help everybody else out. "
Big 3 itself also changed hands
right before the last K show, when
diversifi ed industrial manufacturer
Eastern Co., in Naugatuck,
Conn., bought the mold maker in
September 2019 for $81.7 million
where they're trying to increase
the value and fl ip it, " he said.
" They want to grow long term. "
A lot of the company's work is
in packaging markets, but it also
has customers in housewares,
sporting goods and industrial and
medical components, according
to its website.
The company's not bringing
any particular new technology
to K but is hoping that it can fi nd
new customers to help with a year
that's been more challenging,
compared to very strong sales it
saw in 2020 and 2021, Hardy said.
" I call it the COVID bounce, "
he said, describing unexpectedly
strong business during the pandemic.
" Naturally after having
two really good years, things are
going to quiet down a bit.
" We're led by customer activity.
We don't build a set of molds for
no reason, " Hardy said. " We need
the demand for it. If the converters
are quiet, then we're quiet. "
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Plastics News - Show Daily - October 21, 2022

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