Precimold founder and president Gunter Weiss has sold the firm to Jack McDonald, an entrepreneur based out of Montreal.
March 16, 2017 by Canadian Plastics
Candiac, Que.-based contract manufacturer, custom injection molder, and tool maker Precimold Inc. has been sold by its founder and president Gunter Weiss to Jack McDonald, an entrepreneur based out of Montreal.
The terms of the deal have not been disclosed.
Founded in 1966, Precimold produces technical parts for the automotive, defense, medical, and electronic markets from a 48,000-square-foot facility. The firm employs approximately 75 workers and operates 20 injection presses with clamping forces up to 300 tons; the majority of Precimold’s injection molding units are Engel machines since Weiss wanted to stick to one major supplier to simplify training and to build-in production flexibility. Precimold also carries ISO 9001, TS 16949, and ISO 13485 accreditations; and operates class 10,000 and class 100,000 cleanrooms.
Joining McDonald at Precimold are three colleagues from a previous business venture: Susan Raywood, who will serve as vice president; Kathy Kerr, who will serve as chief financial officer; and Pierre Cameron, the firm’s new vice president of sales. “They bring an outside perspective to a very strong management team,” McDonald said.
The sale of Precimold was finalized in late 2016, and in the short period of McDonald’s ownership the firm has already invested over $500,000 in a new enterprise resource planning system with extensive production control and data capture capability, a Zeiss O-Inspect 543 with Calypso software for product inspections, and new IT infrastructure. “We will be spending substantially more than that over the next twelve months on a new website, digital marketing, and training development, but the biggest investments will be in moldmaking and production upgrades,” McDonald said. The firm is also considering buying some electric injection presses next year, he added.
“I’m looking forward to spending the next 30 years at Precimold,” McDonald said. “I’m not sure I’ll still be working at 83, the way Gunter did, but I hope I have half his energy and drive.”