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

W&H buys bigger stake in BSW

January 23, 2015 10:43 am ET

Windmoeller & Hoelscher KG will get more involved in flexible packaging machinery through its bigger stake in machinery maker BSW Machinery Handels-...    More

Image

Esterform buys Constar UK, doubles PET preform capacity

January 23, 2015 10:07 am ET

Constar UK, once part of global packaging firm Constar International Holdings LLC, has a new owner.    More

Image

Dielectric expands capability range with acquisition of Centerline Machine

January 22, 2015 4:00 pm ET

Dielectric Corp. of Menominee Falls, Wis., is expanding its ability to machine a wide range of materials and sizes with the acquisition of Centerline ...    More

Image

L-E-M adds capabilities, intellectual property with acquisition

January 15, 2015 4:12 pm ET

Plastics fabricator and distributor L-E-M Plastics & Supply Co. Inc. is banking on old-world craftsmanship to help it rebound from recent setbacks.    More

Image

Mohawk buying IVC Group for $1.2 billion to grow in luxury vinyl tile

January 14, 2015 5:29 pm ET

Mohawk Industries Inc., which bills itself as the world's largest flooring company, is acquiring IVC Group — a rapidly growing manufacturer of l...    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