Industry Veteran Jonathan Soucy Joins Molding Business Services
FLORENCE — Molding Business Services (MBS) announced it has taken on a new partner, Jonathan Soucy of Plymouth. He joins forces with partners Terry Minnick, Joel Minnick, and Andrew Munson, and will help bolster the firm’s M&A advisory and recruiting efforts.
Soucy has more than 25 years of experience in precision injection molding and manufacturing. He holds a bachelor’s degree in plastics engineering UMass Lowell and an MBA from Suffolk University. For the past six years, Soucy served as the CEO of Plainfield Precision, a multi-national manufacturer of injection-molded components, metal stampings, and complex assemblies. During his tenure with Plainfield, he led a corporate-wide turnaround, developed and executed a strategic plan to build value, and successfully sold the various Plainfield companies to maximize shareholder return.
Soucy’s move to MBS coincides with a Jan. 30 transaction that saw Plainfield Precision sell its final production facility — a precision automotive injection molder in San Luis Potosi, Mexico — to the U.S. subsidiaries of Nissha Printing Co. Ltd. Based in Japan, Nissha is a global manufacturer of printed films and owns Eimo Technologies, a Michigan-based manufacturer of decorative, injection-molded components. MBS advised Plainfield in the transaction.
Soucy also spent nearly two decades with a Plainfield predecessor company called Pixley Richards. Pixley was a custom plastic-injection-molding company specializing in tight-tolerance parts. During his tenure there, Soucy held various roles in engineering and operations management until eventually leading a management buyout of the company and assuming the role of owner and CEO.
Molding Business Services was founded in 1998 by Terry Minnick, also an industry veteran and former owner of a custom injection-molding company. Today, MBS works with molders and other plastics processors and provides merger/acquisition advisory, executive recruiting, and commercial consulting services. MBS has sold an industry-leading 64 plastics processors since its inception and typically places around 100 skilled people each year with molders all over the world.