What is Nortic?
Founded in 1988 and headquartered in Oriskany, NY, Nortic, Inc. specializes in injection molding, serving a diverse clientele across the United States, Canada, and Europe. With over two decades of industry experience, the company manufactures plastic molded parts for sectors including wire, electronics, hardware, and consumer goods. A key product line includes spools for the fishing tackle industry, alongside custom molded pieces and living hinge boxes. Nortic utilizes a range of materials such as polypropylene, polystyrene, ABS, and polycarbonate, operating nine injection-molding machines with capacities from 85 to 550 tons. Recent investments in state-of-the-art, all-electric machines enhance precision and broaden molding capabilities. The company maintains a substantial onsite warehouse, facilitating rapid turnaround times and same-day shipping for many standard orders.
How much funding has Nortic raised?
Nortic has raised a total of $87K across 1 funding round:
Debt
$87K
Debt (2021): $87K with participation from PPP
Key Investors in Nortic
PPP
Public-Private Partnership
What's next for Nortic?
The recent influx of substantial expansion capital signals Nortic's intent to scale its operations and potentially broaden its market reach. As a company with a long-standing history and a focus on precision manufacturing, this investment is likely to fuel advancements in production capacity, technological integration, and product development. Nortic's strategic positioning within key industries, coupled with its commitment to efficient logistics, suggests a trajectory focused on solidifying its market leadership and exploring new opportunities for growth.
See full Nortic company page
