Investors buying Camoplast's thermoplastic division

By Rhoda Miel
News Editor

Published: October 3, 2012 6:00 am ET

Related to this story

Topics Automotive, Mergers & Acquisitions, Injection Molding, Blow 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

Ohio molder Denbro Plastics moves to new location

September 29, 2014 6:17 pm ET

Logo products injection molder Denbro Plastics Co. has moved to another plant within Toledo, Ohio, to streamline production and improve efficiency.    More

Image

Japan's parts makers face challenges as carmakers expand supply base

September 29, 2014 11:01 am ET

For all their size and success, Japanese auto suppliers that rocketed to global dominance on the coattails of their No. 1 customer, Toyota Motor Corp....    More

Image

Clariant extends reach into Asia with acquisition

September 29, 2014 9:54 am ET

Clariant International Ltd. is buying VitaPac (HK) Industrial Ltd., a Hong Kong-based company which produces desiccant packets for the healthcare...    More

Image

Nypro Healthcare continues to grow following Jabil acquisition

September 26, 2014 1:59 pm ET

Nypro Healthcare's newest medical device manufacturing facility offers 200,000 square feet of carefully configured Class 8 clean room molding and...    More

Image

England's Essentra buying Abric Berhad

September 26, 2014 11:31 am ET

Packaging firm Essentra plc has announced the planned acquisition of Abric Berhad, a Kuala Lumpur-based manufacturer of security sealing products.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events