Manufacturing & Distribution, Tech-Enabled Services
Mold Rite, Inc. Has Been Acquired by Sound-Rite Plastics
Published June 27, 2016
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – CLA Meridian Capital is pleased to announce the acquisition of its client, Mold Rite, Inc. (“Mold Rite”), by Sound-Rite Plastics, Ltd. In connection with the transaction, CLA Meridian Capital served as the exclusive advisor to the shareholders of Mold Rite. Peterson Russell Kelly, PLLC, led by Rick Carlson provided legal services for Mold Rite.
Sound-Rite Plastics, Ltd. owns an injection molding company, similar to Mold-Rite, Inc., that is based in Idaho.
ABOUT MOLD RITE
Founded in 1978 and located in Woodinville, WA, Mold Rite has become one of the Northwest’s leading custom plastic injection molding companies with a proven history of meeting customer needs utilizing cost effective solutions to build long term relationships. Led by the husband and wife team of Gary and Karin Hilse, Mold Rite’s services include in house tooling, building class 103 to 101 injection molds, custom injection molding utilizing the latest technology, contract manufacturing and assembly. Mold Rite is a leading manufacturer for the aerospace, healthcare and consumer markets.
Gary Hilse, owner of Mold Rite, commented on the transaction saying,
“CLA Meridian Capital, led by Patrick Ringland, was invaluable to the successful outcome of this transaction. CLA Meridian Capital brought experience and expertise and really rolled up their sleeves to help us along the way.”
“Working with the Mold Rite management team and owners was extremely rewarding. We are very pleased with the outcome and look forward to seeing the success of this new strategic partnership.”
Patrick Ringland, Principal & Managing Director
CLA Meridian Capital
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President & Managing Director
About CLA Meridian Capital
CLA Meridian Capital is the investment banking division of CliftonLarsonAllen (CLA) Wealth Advisors, LLC, an SEC registered investment advisor and broker dealer, member FINRA/SIPC. With 30+ years of middle-market M&A and financial advisory experience, $22 billion in total transaction value, and deep industry knowledge across the Consumer, Industrials, and Technology sectors, CLA Meridian Capital helps our clients preserve the value they’ve built and the legacies they leave behind.
