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

OSHA probes alleged asthma link to Lear's Selma, Ala., plant

July 23, 2014 11:58 am ET

U.S. foam manufacturer Renosol Seating LLC is being investigated following allegations its workers are at risk of asthma from TDI exposure at its...    More

Image

Contigo, Avex buy lets Newell Rubbermaid leapfrog new bottle development

July 22, 2014 4:11 pm ET

Newell Rubbermaid Inc. is ready to accelerate its move into the reusable water bottle business with the purchase of two on-the-go drinkware brands.    More

Image

Illinois injection molder expands

July 21, 2014 1:23 pm ET

Automotive supplier All-Rite Industries Inc. has added two new injection molding machines to its operations.    More

Image

Newell Rubbermaid to acquire Contigo brand

July 21, 2014 5:00 pm ET

Consumer products company Newell Rubbermaid Inc. has signed an agreement to acquire Ignite Holdings LLC, owner of the Contigo and Avex brands of...    More

Image

More head-up displays going into cars, with improved information, graphics

July 21, 2014 10:48 am ET

Head-up displays with "augmented reality," the technology that employs much of the windshield as a display area for data and images, is poised to sign...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events