Investors buying Camoplast's thermoplastic division

By Rhoda Miel
News Editor

Published: October 3, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Automotive, Blow Molding, Injection Molding

SHERBROOKE, QUEBEC (Oct. 3, 3:15 p.m. ET) — Private equity firm Desjardins Group is buying the thermoplastic division of Canada’s Camoplast Solideal. The division’s management team also will have a stake in the business.

The new firm will oversee all of Camoplast’s operations related to developing, manufacturing and the sale of injection molded and blow molded products. It will operate under the name Exo-s once the deal is completed.

“By becoming a standalone business, the team we have will be able to focus on accelerating our growth perspectives,” said Emmanuel Duchesne, CEO of Exo-s, in a news release.

Terms of the deal were not released.

The new company will be based in Sherbrooke, Quebec, and have 500 employees with additional operations in the Michigan towns of Three Rivers, Coldwater and Centerville as well as a sales office in Troy, Mich.

The business makes engine covers, thermal systems, coolant reservoirs washer reservoirs and air induction systems for the auto industry and a variety of agriculture and all-terrain utility vehicle parts.

Montreal-based Desjardins Capital said the investment will help ensure continued growth for “Quebec’s most promising businesses” while allowing them to retain a local base.

Camoplast, meanwhile, will be able to continue its focus on the design, manufacturing and distribution of off-road tires, tracks, undercarriage systems and other components for the agriculture, material handling and off-road sports equipment industries.


Comments

Investors buying Camoplast's thermoplastic division

By Rhoda Miel
News Editor

Published: October 3, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Navigating the rough seas of selling your company

April 17, 2014 2:47 pm ET

For family owned plastics firms who survived the Great Recession, many wonder: Is it time to sell, retire and sip cocktails on the beach? Or, maybe...    More

Image

German auto supplier Dr. Schneider opens second US plant

April 17, 2014 12:57 pm ET

Dr. Schneider Kunststoffwerke GmbH, a German supplier of plastic interior auto parts, has opened a $29 million manufacturing plant in Russell Springs,...    More

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

Negri Bossi's new owners may 'bring significant manufacturing' to US

April 16, 2014 1:09 pm ET

Italian plastics equipment major Negri Bossi may “bring significant manufacturing of injection molding machines back to the United...    More

Image

Adding flavor to capture sales

April 16, 2014 4:03 pm ET

Water bottles increasingly are designed and molded with filters and infusers to hold fruit, vegetables or herbs to give water a different taste.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events