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INDUSTRIALS | Manufacturing / Industrial Equipment & Component Manufacturing
tulipcorp.com

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About Tulip Richardson Manufacturing

Tulip Richardson Manufacturing is a manufacturer of proprietary and custom injection molding products serving the industrial lead-acid battery, automotive and consumer markets. Additionally, Tulip has a reputation as a manufacturer of lead terminals and reprocessed polypropylene. It is based in Milwaukee, Wisconsin.On December 7th, 2021, Tulip Richardson Manufacturing was acquired by Stryten Energy. The terms of the transaction were not disclosed.

Tulip Richardson Manufacturing Headquarter Location

714 East Keefe Ave.

Milwaukee, Wisconsin, 53212,

United States

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Latest Tulip Richardson Manufacturing News

Stryten Energy Strengthens Battery Production Capacity with Acquisition of Tulip Richardson Manufacturing

Dec 7, 2021

Alpharetta, Georgia, UNITED STATES Alpharetta, Georgia, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Stryten Energy LLC, a U.S.-based energy storage solutions provider, today announced the acquisition of Tulip Richardson Manufacturing (TRM), a manufacturer of proprietary and custom injection molding products serving the industrial lead battery, automotive and consumer markets. The acquisition of TRM complements Stryten’s existing battery component manufacturing with plastics recycling, engineered resins production and plastics molding capabilities. TRM has three distinct ISO 9001:2015 certified operating divisions: Plastic Injection Molding, Engineered Resin and Cold Form Lead. TRM and its four manufacturing facilities in Columbus, IN; Niagara Falls, NY; Milwaukee, WI; and Buffalo, NY, will join Stryten Energy’s battery and component manufacturing facility footprint under the Stryten Energy company name. “TRM has been a valued supplier to Stryten Energy and is key to helping grow our manufacturing capacity of premier energy storage solutions,” said Tim Vargo, Chief Executive Officer of Stryten Energy. “We are excited to welcome the more than 500 talented TRM employees into the Stryten Energy family as we work together to reliably meet the needs of our customers for high-quality and top-performing energy storage solutions. Stryten Energy is committed to expanding output and maximizing capacity to deliver the materials and components TRM’s customers need now and into the future.” “We are pleased to join the Stryten Energy team and are confident under their ownership, we will have the operational expertise and strong financial backing needed to accelerate the expansion of production capacity across our manufacturing footprint to better serve our customers,” said Craig Kellogg, Chief Executive Officer of Tulip Richardson Manufacturing. “TRM’s customers and partners will benefit from Stryten Energy’s focus on manufacturing excellence and delivering quality products and service.” About TRM Tulip Richardson Manufacturing (TRM) was formed in 2019 with the merger of Richardson Molding, LLC and Tulip Molded Plastics Corporation. TRM is a leading manufacturer of proprietary and custom injection molding products serving the industrial lead-acid battery, automotive and consumer markets. Additionally, Tulip has a strong reputation as a manufacturer of lead terminals and reprocessed polypropylene. TRM, headquartered in Milwaukee, WI, has locations in Buffalo, NY; Columbus, IN; Indianapolis, IN; and Niagara Falls, NY, with over 135 injection molding presses ranging from 10T to 1,500T. About Stryten Energy Stryten Energy helps solve the world’s most pressing energy challenges with a broad range of energy storage solutions across the Essential Power, Motive Power, Transportation, Military and Government sectors. Headquartered in Alpharetta, Georgia, we partner with some of the world’s most recognized companies to meet the growing demand for reliable and sustainable energy storage capacity. Stryten powers everything from submarines to subcompacts, warehouses, distribution centers, cars, trains and trucks. Our stored energy technologies include advanced lead and lithium batteries, intelligent chargers and cloud-based software that keep people on the move and supply chains running. An industry leader backed by more than a century of expertise, Stryten has The Energy to Challenge the status quo and deliver top-performing energy solutions for today and tomorrow. Learn more at stryten.com .

Tulip Richardson Manufacturing Acquisitions

2 Acquisitions

Tulip Richardson Manufacturing acquired 2 companies. Their latest acquisition was Tulip Molded Plastics Corporation on April 01, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/1/2019

Debt

$99M

$3.5M

Merger

1

4/1/2019

Debt

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$99M

$99M

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10

Date

4/1/2019

4/1/2019

Investment Stage

Debt

Debt

Companies

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Valuation

$99M

$99M

Total Funding

$3.5M

$99M

Note

Merger

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Sources

1

10

Tulip Richardson Manufacturing Team

5 Team Members

Tulip Richardson Manufacturing has 5 team members, including current Chief Executive Officer, Craig R Kellogg.

Name

Work History

Title

Status

Craig R Kellogg

Chief Executive Officer

Current

Steen Coleman

Chief Financial Officer

Current

Ray Schrab

Chief Financial Officer

Current

Al Schmidt

Senior Vice President

Current

Steve Dyer

TROSTEL, Dickten Masch Plastics, and ClearEdge Power

President

Former

Name

Craig R Kellogg

Steen Coleman

Ray Schrab

Al Schmidt

Steve Dyer

Work History

TROSTEL, Dickten Masch Plastics, and ClearEdge Power

Title

Chief Executive Officer

Chief Financial Officer

Chief Financial Officer

Senior Vice President

President

Status

Current

Current

Current

Current

Former

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