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

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Sweden's Indutrade buys Belgian packaging firm Verbeek

December 18, 2014 9:42 am ET

Sweden's Indutrade AB has purchased all the shares in Belgium's Verbeeck Packaging Group.    More

Image

Röchling buys two UK firms

December 18, 2014 9:24 am ET

Germany's Röchling Engineering Plastics SE & Co. KG has expanded its presence in the high-performance plastics market by acquiring two British firms...    More

Image

Quick-Start manifolds designed to complement Rheo-Pro hot runners.

December 17, 2014 6:00 am ET

MHS Mold Hotrunner Solutions of Georgetown, Ontario, has introduced the pre-engineered Quick-Start line of hot runner manifolds, designed to...    More

Mold maker I. Thibault plans to invest more capital in Mexico

December 16, 2014 1:03 pm ET

Canadian mold maker I. Thibault Inc. plans to invest more capital in its wholly owned Mexican subsidiary, which it started operating in the summer.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

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

Plastics in Mexico - State of the Industry Report

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

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events