Century Plastics gets Brazilian owner

By Rhoda Miel
News Editor

Published: October 5, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Automotive, 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

Ohio molder sold to private equity firm

August 19, 2014 5:23 pm ET

Private equity firm TVV Capital of Nashville has acquired injection molder Design Molded Plastics Inc. for an undisclosed price.    More

Image

Pactiv selling building products unit to Ireland's Kingspan

August 19, 2014 3:54 pm ET

Irish building material manufacturer Kingspan Group plc is acquiring the insulation business of Lake Forest, Ill.-based Pactiv Building Products for...    More

Image

Germany's Bolta building $50 million plating plant in Alabama

August 19, 2014 2:21 pm ET

A German company is setting up a plastics chrome plating plant in Tuscaloosa, Ala.    More

Image

Report: Graham looking to sell Infiltrator

August 19, 2014 11:32 am ET

Private equity group Graham Partners Inc. reportedly is ready to sell septic tank maker Infiltrator Systems Inc. after holding the Old Saybrook, Conn....    More

Image

RTP expands very long fiber thermoplastic production to Mexico

August 19, 2014 9:47 am ET

RTP Co. has introduced very long fiber reinforced compounds at its Monterrey, Mexico, facility.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

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

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

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

More Events