Mold In Graphic Systems® Company Profile

Background

Founded in 1983, Mold In Graphic Systems® (MIGS®) specializes in manufacturing permanent graphic labels and enhancement products for the polyolefin plastics industry worldwide. The company's mission is to provide the highest quality graphics and products to manufacturers of polyethylene, polypropylene, TPO, nylon, and vinyl plastic products across the globe. Over the years, MIGS® has developed a reputation for creating durable graphics and labels that withstand extreme environmental conditions and chemical exposures.

Key Strategic Focus

MIGS® focuses on delivering permanent labeling solutions for durable plastic products, particularly those made from polyolefin materials. The company's core objectives include:

Innovation: Developing proprietary technologies like Polymer Fusion Labels that fuse directly into plastic surfaces, ensuring longevity and resistance to peeling, cracking, or fading.

Quality Assurance: Implementing LEAN manufacturing practices and continuous improvement strategies to maintain high product standards.

Market Expansion: Serving a diverse range of industries, including rotational molding, injection molding, blow molding, and thermoforming, to meet the labeling needs of various durable plastic products.

Financials and Funding

As a privately held company, specific financial details and funding history for MIGS® are not publicly disclosed. However, available data indicates that the company generates annual revenues between $10 million and $50 million and employs approximately 79 individuals.

Pipeline Development

MIGS® continually innovates its product offerings to meet evolving market demands. A notable development is the introduction of the MIG® 5 branding technology, a fifth-generation Mold In Graphics® system that offers enhanced features such as:

Temperature Independence: Ability to transfer graphics onto molds at varying temperatures, improving production efficiency.

Compatibility with Textured Molds: Enables application on textured surfaces, expanding design possibilities.

This advancement has been well-received by industry leaders, including Confluence Outdoor and Dutchland Plastics, for its improved brand appeal and operational flexibility.

Technological Platform and Innovation

MIGS® distinguishes itself through proprietary technologies and innovative methodologies:

Polymer Fusion Labels: These labels are made entirely of compatible plastic polymers, allowing them to fuse seamlessly into the surface of polyolefin products during the molding process. This fusion creates a permanent bond that resists environmental and chemical degradation.

MIG® 5 Technology: An advanced labeling system that offers temperature-independent application and compatibility with textured molds, enhancing both aesthetic appeal and manufacturing efficiency.

Leadership Team

MIGS® is led by a team of experienced professionals:

Matthew Patrick Stevenson: President and CEO, overseeing the company's strategic direction and operations.

Scott Saxman: Senior Vice President of Sales, responsible for driving sales strategies and customer engagement.

Deborah Heil: Chief Human Resources Officer, managing human resources and organizational development.

Malachi Collins: Director of Operations, overseeing manufacturing processes and operational efficiency.

Leadership Changes

In 2015, founder Michael John Stevenson transitioned leadership to his son, Matthew Patrick Stevenson, who assumed the role of President and CEO. This change marked a continuation of the company's commitment to innovation and growth under second-generation leadership.

Competitor Profile

Market Insights and Dynamics

The durable plastic labeling industry is characterized by a demand for long-lasting, high-quality branding solutions that can withstand harsh environmental conditions. The market is driven by industries such as automotive, consumer goods, and industrial equipment, all seeking reliable labeling technologies for their products.

Competitor Analysis

MIGS® operates in a competitive landscape with several key players:

Fitesa: Specializes in nonwoven fabric solutions, serving various industries with a focus on innovation and quality.

Rosti: A manufacturer and supplier of plastic products, offering a range of services from design to production.

Greiner: Provides plastics and foam solutions, catering to diverse sectors with a commitment to sustainability and innovation.

Pica Plasticos Industriales: Manufactures plastic products, focusing on delivering high-quality solutions to its clients.

These competitors offer various plastic products and solutions, but MIGS®'s unique Polymer Fusion Label technology sets it apart by providing permanent, durable labeling specifically designed for polyolefin plastics.

Strategic Collaborations and Partnerships

MIGS® has established partnerships with leading brands and organizations, including Ford, GM, Yeti, and Pepsi. These collaborations underscore the company's ability to deliver high-quality, durable labeling solutions that meet the stringent requirements of major manufacturers.

Operational Insights

MIGS®'s commitment to quality is evident in its adoption of LEAN manufacturing practices and continuous improvement strategies. The company's focus on servant leadership and community engagement fosters a positive organizational culture that drives innovation and customer satisfaction.

Strategic Opportunities and Future Directions

Looking ahead, MIGS® aims to expand its market presence by:

Diversifying Product Applications: Exploring new industries and applications for its Polymer Fusion Labels to meet the evolving needs of durable plastic product manufacturers.

Enhancing Technological Capabilities: Investing in research and development to further improve the performance and versatility of its labeling solutions.

Strengthening Customer Relationships: Continuing to build strong partnerships with existing clients while seeking new collaborations to drive growth and innovation.