Press release submitted on behalf of BCCW.

Beanstalk Collaborative Community Wealth (BCCW), a mission-driven investment organization focused on preserving and growing U.S. small manufacturing businesses, announced today that its subsidiary, DTE LLC, has completed the acquisition of the assets of Diamond Tool & Engineering, Inc. (DTE).

Founded in Bertha, Minnesota, DTE has long been recognized as a precision mold builder serving demanding industries including medical devices, aerospace, and consumer products. With this acquisition, BCCW continues to expand its commitment to sustaining the legacy of U.S. manufacturing companies and protecting the quality, living-wage jobs that strengthen their local communities.

“We are pleased that Diamond Tool & Engineering is now part of BCCW,” said Kent Smith, President/Owner of DTE. “Their mission-driven model protects our people, customers, and reputation for quality while ensuring our legacy continues.”

“Small manufacturing businesses are true community assets. They provide well-paying jobs, meaningful benefits, and dignity to their employees, while fueling the strength of local economies,” said BCCW Co-Founder Bill Smith.

BCCW Co-Founder Ted Stolberg added, “Family owners choose to partner with us because we honor their legacy and remain committed to caring for both their customers and their people.”

“This acquisition underscores our belief in the future of U.S. manufacturing,” said Troy Roberts, CEO of Beanstalk Collaborative Community Wealth. “Diamond Tool & Engineering brings decades of specialized expertise, a talented workforce, and a reputation for excellence. Under the DTE LLC structure, the company will continue to serve customers with the same high standards while benefiting from Beanstalk’s resources and long-term, community-focused model.”

BCCW operates under a unique “buy, build, and hold” strategy designed to keep manufacturing businesses rooted in their communities in perpetuity. The acquisition of DTE builds upon BCCW’s first successful investment, Tolerance Tool, LLC, located in North St. Paul, MN, and reflects the organization’s broader vision for ensuring that precision manufacturing companies remain vital contributors to the national economy.
For more information, visit www.beanstalkccw.com.