Plastic Design & Manufacturing is Acquired by Executive Team
Mike Groff, founder of the Montana based injection molder and moldmaker, has transferred ownership.
Montana-based injection molder and moldmaker Plastic Design & Manufacturing (PDM) has shifted ownership to the executive team. Photo Credit: PDM
Ownership of Plastic Design & Manufacturing (PDM) has been transferred from its founder, Mike Groff, to the company’s existing executive team, including Randy Scheid, president & CFO; James Smith, VP Operations & Engineering; and Darrell Witham, VP Sales & Marketing. Those individuals, along with Sam Lazcano, VP of PDM MX Operations, will run the company. Groff will retain a seat on the PDM’s board.
Founded in 1998, PDM operates two facilities, including the Montana plant with machines from 55-675 tons and 65 employees, and the Juarez, Mexico, site with presses ranging in clamp force from 55- 950 tons and 94 employees.
PDM is a full-service injection molder serving customers in the telecommunication, firearm, consumer goods and pet product markets. In a release, Groff discussed PDM establishing and expanding a second facility in Mexico, and the company’s revenue growth to the $20 million range. “PDM currently has an impressive executive team, with the ability to grow the company and capably operate it to become a larger presence in the industry,” Groff said.
