Haidlmair Group buys majority of Ontario toolmaker Tesan Mould
Haidlmair Group operates 10 plants in six countries, including a service centre in the U.S. Founded in 1979, the company specializes in making injection molds for the reusable packaging industry.
Tesan Mould will be integrated into the Haidlmair Group and renamed Haidlmair North America.
The financial terms of the deal have not been disclosed.
“Haidlmair is an international tool manufacturing company with a worldwide reputation, a majority partner who will ensure the continued success and positive development of our business,” said Lucas Tesan, Tesan Mould’s general manager. “What we’re most excited about is that we’re now able to take care of our customers in a much better and more complete fashion“.
Tesan Mould was founded in 1978 by Riccardo Tesan. The company is now run by the second generation of Lucas Tesan and production manager Jesse Tesan, and specializes in designing and manufacturing molds for thin-wall packaging applications.
The Tesan family will continue to own a significant percentage of the company shares, Haidlmair Group said, and will also continue to manage the company. Haidlmair Group anticipates making some investments in the Tesan Mould infrastructure in the future, and will also relocate some specialists from the Austrian parent organization to Concord to support the existing staff.
“Haidlmair Group has been searching for a manufacturing facility in the U.S. or Canada for some time,” said Haidlmair Group CEO Mario Haidlmair. “Tesan Mould presented itself as the ideal opportunity. It’s a very well organized company with excellent equipment, including the latest CNC and grinding machines.”