Tahoma Enterprises, Inc. Acquires Injection Molding Company
February 15, 2009
WOOSTER, Ohio – Wooster-based Tahoma Enterprises, Inc. announces the acquisition of GS Industries of Bassett, Ltd. an injection molding manufacturer with headquarters in Bassett, Virginia.
GS Industries is Tahoma’s fourth major acquisition in the past two years and the second with a focus on injection molding.
“We think there’s some opportunity in injection molding,” said Mike Hooper, Tahoma’s chief executive officer. “This particular company became available sometime back, and this was just too good not to realize, so we moved ahead with the acquisition.”
GS was founded in 1969 as Dominion Ornamental, a subsidiary of Bassett Mirror Co. In 1971, Libbey-Owens-Ford purchased the company and operated it as a subsidiary for 27 years. During that time the company continued to thrive as it adapted to various corporate changes and ended up as a subsidiary of Aeroquip Corporation in 1989. In 1996, the company was purchased by private shareholders and GS Industries of Bassett Inc. was created.
The company has shown its flexibility in manufacturing and finishing of injection molded products for many applications, including the appliance, furniture and construction industries. In March 2006, the company purchased Textube and added production of injection molded textile carriers to its line of products.
Tahoma Enterprises is a holding company formed for the purpose of finding, acquiring, and enhancing the value of companies through stronger financial and strategic management support.