What is Do-Rite Die & Engineering?
For over 70 years, Do-Rite Die & Engineering specialized in the manufacturing of die cast dies, custom molds, and tooling. The company served the Die Casting and Molding industries with a legacy of expertise. Despite its operational closure, Do-Rite Die & Engineering has directed inquiries for die or mold work to PM Mold, ensuring continuity for its clients. The Szymanski family has guided the company throughout its extensive history.
How much funding has Do-Rite Die & Engineering raised?
Do-Rite Die & Engineering has raised a total of $364K across 2 funding rounds:
Debt
$150K
Debt
$214K
Debt (2020): $150K with participation from PPP
Debt (2021): $214K led by PPP
Key Investors in Do-Rite Die & Engineering
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Do-Rite Die & Engineering?
While Do-Rite Die & Engineering has ceased operations, the recent strategic investment of $214K suggests a potential for asset transfer or a strategic pivot for the business's intellectual property or remaining assets. The company's legacy in specialized tooling and die casting indicates that any future endeavors or acquisitions would likely focus on leveraging this deep industry knowledge. The direction of inquiries to PM Mold points to a potential consolidation or partnership within the sector, aiming to preserve the specialized services offered by Do-Rite.
See full Do-Rite Die & Engineering company page
