Corvac Composites to use D.A. plant for thermoforming

By Frank Esposito
Senior Staff Reporter

Published: November 9, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Automotive, Injection Molding, Thermoforming

DAVISBURG, MICH. (Updated Nov. 9, 3:15 p.m. ET) — Automotive thermoformer Corvac Composites LLC has bought an injection molding and thermoforming plant from D.A. Inc. of Charlestown, Ind., but will use the plant exclusively for thermoforming work.

No purchase price was disclosed. D.A. employs 13 at the 30,000-square-foot Charlestown plant, molding covers and interior parts for Toyota Motor Corp. The firm does some thermoforming, but is primarily a custom molder. D.A. was founded in 1989 and was owned by Kojima Press Industry Co. Ltd. of Shimoichiba, Japan.

The acquisition gives Davisburg-based Corvac wheel liner work on the Toyota Sequoia SUV. The Sequoia was one of the few Toyota vehicles Corvac wasn’t working on, according to Corvac sales coordinator Jessica Hadley.

Toyota is Corvac’s largest customer, Hadley said in a Nov. 9 phone interview, but the firm also is increasing its work with Chrysler Group LLC. Corvac designs and produces wheel arch liners, engine under-covers and aerodynamic under-body shields. The company is owned by Humphrey Cos. LLC, a holding firm in Grandville, Mich., that owns three other industrial manufacturing companies.

Sales at Corvac are in line to total about $50 million in 2012, with 2013 sales expected to be close to $60 million, Hadley said. “Our business is really bouncing back,” she added.

Corvac employs a total of 250 at its headquarters and R&D center in Davisburg and at a manufacturing and engineering plant in Byron Center, Mich., and a manufacturing plant in Morgantown, Ky.


Comments

Corvac Composites to use D.A. plant for thermoforming

By Frank Esposito
Senior Staff Reporter

Published: November 9, 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

Image

Falcon Plastics expands in South Dakota

January 29, 2015 11:45 am ET

Falcon Plastics Inc. is putting the final touches on a 60,000 square foot addition that will nearly double the size of its Brookings, S.D., manufactur...    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