Davalor Mold Corporation, a Chesterfield, Mich.-based manufacturer of injection molded plastic products, received a private equity investment of undisclosed amount from Blackford Capital.
Talmer Bank provided financing for the transaction.
The company intends to use the funds to expand its operational capabilities and customer base.
Co-founded in 1979 by Dave, Orm, and Al Bernhardt, Davalor provides players in the the automotive sector with products including safety equipment, such as seatbelt retractor components, buckle covers, webbing guides, air bag systems, and other products.
Today, the company has over 200 employees and operates out of two manufacturing sites, including its 100,000-square-foot corporate office and production facility and its 53,000-square-foot tooling and engineering facility – both located in Chesterfield.