Century Plastics gets Brazilian owner

By Rhoda Miel
News Editor

Published: October 5, 2012 6:00 am ET

Related to this story

Topics Automotive, Mergers & Acquisitions, Injection Molding

SHELBY TOWNSHIP, MICH. (Oct. 5, 2 p.m. ET) — Brazilian auto supplier Autometal SA has purchased a majority ownership in Century Plastics Inc., a Michigan-based supplier of injection and compression molded auto parts.

CPI is becoming part of a plastics auto supply firm with four factories in Brazil and one in Mexico. The company, based in the Detroit suburb of Shelby Township, sold a 65 percent stake, according to Lincoln International LLC, a Chicago-based consulting firm that assisted CPI with the deal.

Autometal SA of Diadema, Brazil, is itself a subsidiary of Spain’s CIE Automotive SA, which has additional plastics operations in Spain, Portugal, Czech Republic, Russia and China. The global company, with headquarters in Bilbao, has an engineering office in Livonia, Mich., but CPI will be its first production site in the United States.

In addition to plastics, CIE Automotive and Autometal SA supply metal and painted automotive parts.

Their plastics operations supply a variety of interior and exterior trim using injection molding, vacuum forming, multishot molding and gas-assist molding.


Comments

Century Plastics gets Brazilian owner

By Rhoda Miel
News Editor

Published: October 5, 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