Just prior to the close of 2016, family-owned Middleville Tool & Die made a significant decision; the company signed an agreement with an investment partner to help support its growth going forward.
The Bayer family is located on the east side of the state and operates a series of metal working businesses, including Bayloff Stamped Products.
Jeff Cope, vice president at Middleville Tool & Die, said Middleville Tool & Die has been experiencing significant growth in recent years and needed a way to support this growth going forward.
In 2014, Middleville Tool & Die expanded its manufacturing space from 60,000 square feet to 120,000 square feet. Since that time, it has grown from 130 employees to 260, and since 2012, the company has increased sales by 250 percent.