The Heico Companies Acquires Versatile Mold and Design, Inc.

Enhancing Molding and Tooling Capabilities

Warrenville, IL – May 10, 2024 The Heico Companies announced that it has completed its acquisition of Versatile Mold and Design, Inc. Headquartered in Rutledge, Georgia, Versatile designs, builds, and maintains high precision molds for both thermoplastic and thermoset materials and provides molding services as well.

Under the leadership of the Heusser family, Versatile Mold and Design has developed the capabilities necessary to provide customers full support through all the phases of the molding process. In addition to building high-quality domestic and offshore production tooling, Versatile adds value to its customers through prototype tooling, 3D printing, mold sampling, spare parts programs, high-speed laser measuring, and in-house molding. Versatile is proud to support customers in the Energy & Power, Automotive, Pharmaceutical, Construction, Oil and Gas, and Medical industries. Versatile Mold and Design continues to be the recognized industry leader for the development of tools and processes for molded thermoset products.

"Versatile Mold and Design's commitment to innovation and excellence aligns seamlessly with our vision. This union amplifies our capabilities, empowering us to deliver cutting-edge solutions across every phase of the molding process."

The acquisition of Versatile Mold and Design adds a key component to The Heico Companies' Plastics Segment. Versatile will complement the molding operations of Davies Molding, which is part of the Heico Industrial Technologies Group. Together these companies can offer end-to-end turnkey plastic parts solutions.

"We are excited that Versatile has found a partner in Heico and Davies Molding that will allow us to service the full needs of our international customers. Heico brings world class technology, resources and processes that we can utilize to continue our growth."

The Heico Companies is a family-owned business and parent holding company for a diverse portfolio of manufacturing, construction and industrial services businesses. Founded by Michael Heisley in 1979, The Heico Companies has delivered sustainability to its businesses while maintaining its entrepreneurial spirit. The Heico Companies now has more than 9,000 employees and more than 80 operating companies on five continents.

Since its founding in 1998, Versatile Mold and Design, Inc. has leveraged innovative engineering and state-of-the-art equipment to provide exceptional value to its customers. Core competencies include tooling and process development for thermoset injection, thermoplastic injection, compression, injection-compression, and transfer molding.