Japan's Misumi buys mold component firm PCS

By Rhoda Miel
News Editor

Published: October 18, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Molds/Tooling

FRASER, MICH. (Oct. 18, 1:30 p.m. ET) — Mold component supplier PCS Co. and its parent company, Dayton Progress Corp., are being acquired by Japan’s Misumi Group Inc. in a $200 million deal expected to close in November.

The acquisition also includes the Dayton, Ohio-based company Anchor Lamina Die Components group. The Dayton Progress companies are now owned by Connell LP, a private investment group based in Boston. Connell will retain the die set and fabrication divisions of Anchor, and Connell will be a strategic partner to the new Misumi Components Division.

Tokyo-based Misumi is a die components supplier specializing in sales in Japan, China and the rest of Asia. Dayton Progress calls itself the biggest die component supplier in the U.S., and the purchase will create a global firm with a strong emphasis in the auto industry, Misumi and Dayton officials noted in Oct. 17 news releases.

PCS, based in Fraser, Mich., also brings plastics mold making supply base to Misumi.

Misumi said it plans to leave current management in place and continue the product specifications within each of the Connell and Dayton businesses.


Comments

Japan's Misumi buys mold component firm PCS

By Rhoda Miel
News Editor

Published: October 18, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

French investment firm buys Alabama-based CSP Technologies

January 30, 2015 1:10 pm ET

A French investment firm has finalized a deal to buy CSP Technologies Inc., an Auburn, Ala., company that makes specialty plastics packaging.    More

Image

Lubrizol buys Brazil-based coatings technology manufacturer

January 30, 2015 11:50 am ET

Specialty chemicals company Lubrizol Corp. of Wickliffe, Ohio, said it has acquired a Brazilian company that makes coatings technology for products...    More

Image

Lund adds to aftermarket auto products portfolio with buy of Bushwacker

January 29, 2015 2:49 pm ET

Lund International Inc. has expanded its portfolio of plastic aftermarket vehicle accessories by acquiring Bushwacker Inc.    More

Image

Chemtrusion, Mytex Indiana compounding plant set for expansion

January 29, 2015 1:35 pm ET

Japanese and American partners in a compounding plant in Indiana plan to expand the facility.    More

M&A deals in packaging hit record

January 28, 2015 1:49 pm ET

It's good to be in packaging these days. More precisely, it's good to be in packaging and decide to sell or merge.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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