Texas Injection Molding has secured an investment from Blackford Capital Management to support its expansion and leverage growth opportunities in the injection molding industry.
Information on the Target
Texas Injection Molding (TXIM) is a prominent manufacturer specializing in precision-engineered injection molded industrial components. Based in Houston, Texas, the company boasts a workforce of 200 employees and operates 35 injection molding machines within a facility spanning approximately 90,000 square feet. Since its inception in 2013, TXIM has established a strong reputation in the industry, earning accolades such as a spot on the Plastics News Best Places to Work for 2024, the 2024 Innovation Award from the Manufacturers Association of Plastics Professionals, and inclusion in the Houston Business Journal’s Fast 50 list in 2023.
The recent investment from Blackford Capital Management aims to support TXIM’s ongoing expansion and leverage Blackford’s expertise in identifying and integrating acquisition opportunities. Jeff Applegate, the founder and CEO of TXIM, will retain a significant equity stake and will focus on the company's strategic growth initiatives, while Scott Osterling will join as the new CEO to drive the business forward.
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Industry Overview in Texas
The injection molding industry in Texas is experiencing significant growth, driven by the increasing trend of reshoring manufacturing back to the United States. This movement is fueled by factors such as rising labor costs in
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Blackford Capital Management
invested in
Texas Injection Molding
in 2024
in a Growth Equity & Expansion Capital deal