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
Companies & Associations

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

McClarin doubles in size, reach with Amtech acquisition

April 1, 2015 10:57 am ET

From Washington to Pennsylvania to Alabama, the new McClarin Plastics LLC will be twice as big and provide fiber-reinforced plastic components as...    More

Image

Bloomer Plastics takes Optimum name

April 1, 2015 10:25 am ET

Optimum Plastics is the new name of two film companies that combined their businesses in October.    More

Image

Amcor buys Nampak Flexibles

March 31, 2015 3:31 pm ET

Australian packaging giant Amcor Ltd. has bought South African-based Nampak Holdings Ltd.'s Nampak Flexibles division.    More

Image

Uponor sells plastic pipe machinery business to focus on core units

March 30, 2015 2:13 pm ET

Uponor Corp., the Finland-based maker of plastic pipe systems for plumbing, underfloor heating and cooling and infrastructure, announced March 30...    More

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global mat...    More

Market Reports

Trends in Resin Distribution

The growth of the North American resin distribution market is undeniable - and industry analysts are confident that growth will continue in 2015 and beyond.

This new report analyzes market trends and provides data on historical sales trends for PE (distribution and resellers), PolyOne Distribution figures, U.S. ethylene expansions based on shale gas and natural gas production by category to 2035.

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events