N.C. rubber product maker acquires Grafton-based Knuth Machine and Tool

News Graphic Staff

June 2, 2015

GRAFTON — Molded Dimensions, a urethane and rubber product maker based in Charlotte, N.C., has expanded its operations and increased its capabilities with its recent acquisition of a Grafton company.

Molded Dimensions recently purchased Knuth Machine and Tool, based in Grafton, for an undisclosed amount and renamed the business KM Tooling, Mike Katz, president of Molded Dimensions, said in an announcement on the website RubberNews.com.

KM Tooling will be moved to the soon-to-be-acquired plant in Grafton. It will occupy about 9,200 square feet of the structure at 1668 Ninth Ave. It will close its present factory in Port Washington, the announcement said.

Its work force of eight experienced tool and die makers, engineers, pattern makers, jig and fixture makers and machinists has been retained and will operate out of the new facility. Another employee is being added at the factory, Katz said in the announcement.

Molded Dimensions will also move its GlocalSource division to the Grafton facility, where it will have approximately 12,000 square feet to operate. GlocalSource provides global manufacturing with local service and support.

Its new building gives Molded Dimensions four facilities in the area. The manufacturer and distributor of engineered and molded elastomer components and mechanical parts operates out of a 24,000-square-foot plant that produces urethane products, a 32,000-square-foot rubber goods factory and a 5,000-square-foot warehouse in Port Washington.

Molded Dimensions acquired the company because the former owner was at a point of stepping down “and we provided a seamless way for him to exit,” said Linda Katz, CEO of Molded Dimensions.

Adding the tooling business to its fold will help Molded Dimensions become even better at the development and introduction of new products for customers, Linda Katz said in the announcement.

KM Tooling will grow in its own right, she added, “because it will be a better mold-making company and will be better for the industry.”

Molded Dimensions produces a wide assortment of products from materials that include polyurethane, natural rubber, fluorocarbons, EPDM, neoprene, nitrile, butyl, silicone, styrene butadiene, hydrin, polyester and polyether. Markets served include automotive, transportation, health care, construction, waste management, marine, high-speed packing, plumbing, mining, small engine, electronics, heavy machine and agriculture, the announcement said.

“We focus on being a place where great people choose to work,” Mike Katz said.