Focused on CNC (computer numeric control) machining, precision tools, mold making, tool repair, and build-to-order project fabrication, Oakley Die & Mold serves customers in the automotive, lawn and garden, machine tool, medical, and safety industries, Blue Loop Capital said in a statement Wednesday.
“We are very excited to add a manufacturing company with such a long history of providing exceptional customer service to our portfolio,” William Jarvis, Blue Loop Capital president and chief operating officer, said in the statement. “We plan to immediately begin adding personnel and technology to the operation to serve current customers even better and to grow the business.”
Oakley Die & Mold has 29 employees, and Blue Loop Capital plans to immediately add jobs, a spokesman said. He couldn’t immediately say how many.
The acquisition expands Blue Loop Capital’s manufacturing portfolio. In December 2011, Blue Loop Capital acquired Leyshon Miller Industries, an Ohio-based design-to-production manufacturing company.
“Many people are talking about ‘re-shoring’ or bringing back manufacturing to the United States,” said Kent Savage, CEO of Oakley Die & Mold. “We are doing it. Oakley Die & Mold provides world-class tool making, design and engineering services right here in Ohio.”
Cincinnati-based Blue Loop Capital has made several acquisitions in the last year, and plans to add additional companies over the next 12 months, the company said.
Blue Loop has a sister company, Apex Supply Chain Technologies, also in Mason.
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