Dies Plus, Inc., a leading manufacturer of precision metal forming dies and tooling, has been acquired by OTTO Engineering, Inc. (“OTTO”), a manufacturer of control switches and audio accessories. The acquisition complements OTTO’s internal stamping capabilities, and OTTO plans to make additional investments in people and technology at Dies Plus in order to grow the business. All employees of Dies Plus were retained.
Headquartered in Itasca, IL, Dies Plus provides die manufacturing, wire EDM, engineering, and maintenance & repair for customers in the automotive, connector terminals, bus bars, medical, turbines, cell phone, lighting, and other industries. The company focuses on close tolerance, Class A stamping dies and has experience with many metals, including steel, stainless steel, and non-ferrous metals. Dies Plus has the skilled personnel and precision equipment to meet tolerances down to .0001 of an inch, and the flexibility to handle specialized tooling like multi- and four-slide dies.
For over 55 years, OTTO has been designing and manufacturing a full line of control switches and, for over 25 years, audio accessories for unique and demanding applications. Located in Carpentersville, IL, the company is recognized worldwide for superior performance and innovative products. OTTO is a vertically integrated manufacturer with in-house injection molding, stamping, CNC machining, cable assembly and cable overmolding capabilities. The company markets its products through two divisions, OTTO Controls and OTTO Communications.
Cascade Partners (BlueWater Partners) acted as the exclusive financial advisor to Dies Plus for this transaction.
Update: BlueWater Partners has joined Cascade Partners. Read more here.