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. Tokyo-based Misumi is a die components supplier specializing in sales in Japan, China and the rest of Asia.
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.