Seaway Plastics buys Excalibur Manufacturing

By Rhoda Miel
News Editor

Published: December 18, 2012 6:00 am ET

Related to this story

Topics Medical, Mergers & Acquisitions, Injection Molding, Molds/Tooling

PORT RICHEY, FLA. (Dec. 18, 3:25 p.m. ET) — Florida prototype injection molder and toolmaking specialist Seaway Plastics Engineering Inc. has purchased Excalibur Manufacturing Corp. in a move that expands its ability to deliver everything from prototype tooling and molding to mid-volume production.

Seaway, based in Port Richey, Fla., will retain the employees, operations and facility of the former Excalibur in nearby Brooksville, Fla. It completed the acquisition in mid-December, Seaway CEO Tim Smock said in a Dec. 18 telephone interview.

Seaway focuses on fast development of tools and prototype production as well as tryouts for transferred tooling. With the Brooksville plant, the company will be able to take advantage of additional capacity there to focus on low- to mid-volume production, while focusing on niche manufacturing in Port Richey, he said.

Both sites use Nissei presses, which will also help to streamline molding operations between the two sites. The acquisition brings a total of 26 presses into the Seaway operations, ranging in size from 44 tons to 500 tons.

Excalibur and Seaway have some of the same customers in the industrial electronics industry, but Excalibur adds some new business to Seaway’s base, Smock said. Excalibur also molds for the water irrigation and purification industry along with some aerospace and defense work. About 50 percent of Seaway’s work is in the medical industry with additional work in defense and aerospace.

The acquisition caps off a year which saw Seaway complete a $2 million expansion in Port Richey with another 20,000 square feet of manufacturing and new presses.

Smock and business partner Paul Bernard, Seaway’s president, also own Florida Finishing LLC, a plastics decorating and painting business. In 2012, Florida Finishing moved from Odessa, Fla., to a facility adjacent to Seaway.


Comments

Seaway Plastics buys Excalibur Manufacturing

By Rhoda Miel
News Editor

Published: December 18, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Extreme Tool uses remote Michigan location to attract younger workers

September 30, 2014 3:47 pm ET

“I'm not saying there's anything wrong with being an old guy like me. But I do believe in the power of youth and reinvesting in training. The...    More

Image

RJG buys UK training group G&A

September 30, 2014 11:10 am ET

G&A Moulding Technology Ltd., a United Kingdom-based training and consultancy group, has been bought by RJG Inc., the U.S.-based training business.    More

Image

Ohio molder Denbro Plastics moves to new location

September 29, 2014 6:17 pm ET

Logo products injection molder Denbro Plastics Co. has moved to another plant within Toledo, Ohio, to streamline production and improve efficiency.    More

Image

Clariant extends reach into Asia with acquisition

September 29, 2014 9:54 am ET

Clariant International Ltd. is buying VitaPac (HK) Industrial Ltd., a Hong Kong-based company which produces desiccant packets for the healthcare...    More

Image

Global giant Foxconn to make, sell molding machines

September 26, 2014 2:48 pm ET

For years, Taiwan's Foxconn Technology Group has been the world's largest contract manufacturer for electronics, with more than 1 million employees wo...    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

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

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

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