Pioneer Plastics is proud to announce that it has acquired Group Tool & Die, Inc. of Normal, Illinois. The acquisition is a strategic move to build and strengthen more than 35 years of Group Tool's skilled engineering, machining and molding services while adding to Pioneer's growing demand for light industrial injection molding and precision machining services in the U.S. while broadening its suite of manufacturing capabilities.
Since 1969, Group Tool & Die, Inc. with its 2 locations in Normal and Lexington, Illinois have operated over 30 thermoplastic injection molding presses ranging from 75 Ton to 700 Ton as well as two types of thermoset molding, injection and compression, at the Lexington facility. The Normal, IL, plant offers extensive tooling and machining services that include mold design and repair services. The company presently serves over 25 Fortune 1000 and 7 Fortune's Global 1000 ranked customers worldwide.
According to Minou Hussain, CEO of Pioneer Plastics, the rationale for the acquisition included Group Tool's strong relationships with its customers, its long-term supply agreements, and reputation for great service. "Group is an ideal addition to our long term strategy in the U.S. as domestic manufacturing demand rebounds in the coming years. Their engineering and manufacturing services complement our operations and provide a greater breadth of services for our major customers."
Pioneer's ability to engage in this deal is testament to the execution of its strategic business plan as it continues to bring additional services to its customers. Management plans to add new equipment, logistic services and extended operational resources to streamline current operations. New supply chain and customer relationship software will be added to enhance Group Tool's current services to include global sourcing, inventory management, integrated account management and logistics.
In recognition, Minou Hussain highlighted that "Pioneer and its employees wish to thank George Gilmore and Don Liming, co-founders of Group Tool & Die, Inc. for establishing a successful, world-class manufacturing company dedicated to its customers and employees. We welcome Group Tool's loyal and invaluable employees who will continue to help strengthen the company's future." According to Matt Mahmood, COO of Pioneer Plastics, "Mr. Liming will remain with Group Tool as its Director of Operations, assisting us as we add Pioneer's global suite of services to Group Tool's customers worldwide and vice versa." Pioneer plans to change the company name to 'Group Tool, Inc.', allowing the company to focus on its core competency of tooling and molding. In addition, Pioneer will leverage its sales and marketing to extend synergies of both companies to customers globally.
To learn more, please contact our client services manager, Jennifer Ripple (651) 204-0138
Pioneer Plastics, Inc. announces that it has added an additional 25,000 sq. ft. of warehouse space to its existing facility in Eagan that was previously leased. The expansion will allow Pioneer to install a new racking system which would hold up to 420 additional pallets, bringing the total pallet racking capacity to 1,180. For now, the remaining 15,000 sq. ft. of floor space will be used to store raw materials, machinery and equipment. The expanded area of the building includes two additional loading docks that will rapidly improve multi-carrier loading times.
The added space will allow Pioneer to expand its inventory management system while supporting a larger warehouse for its Kanban system. The 60,000 sq. ft. facility was built four years ago to support Pioneer's strategic long-term goals and over the next few years, Pioneer intends to offer customers the added space to hold more products that are "work-in-progress" and finished goods. Customers will be able to hold large inventories of goods and supplies at Pioneer's facility for future needs while mitigating their overhead and operational costs.
To understand how your organization can benefit from our recent expansion, contact us for more information.
