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

Louisiana molder expands into former Yoo-hoo bottling plant

October 31, 2014 1:51 pm ET

Noble Plastics Inc. plans to expand its manufacturing capabilities with the purchase of a former Yoo-hoo bottling plant in Opelousas, La., eight...    More

Image

Arburg inks training pact with Taiwan's Ming Chi University

October 31, 2014 2:24 pm ET

German injection molding press maker Arburg GmbH + Co. KG announced this week that it has inked a cooperative deal with Taiwan's Ming Chi University...    More

Image

Hong Kong injection molding equipment maker enters US market

October 31, 2014 1:39 pm ET

Hong Kong-based L.K. Technology Holdings Ltd. is entering the North American plastics processing market with a line of its eXcel injection molding...    More

Image

Using 3-D printing for molds to speed medical part development

October 31, 2014 10:17 am ET

3-D printing and additive manufacturing equipment maker Stratasys Ltd. is collaborating with U.S. design and product developer, Worrell Design Inc.,...    More

Image

Unique Tool adding equipment, jobs

October 30, 2014 1:52 pm ET

Mold maker Unique Tool & Gauge Inc., is planning to invest more than $3.5 million dollars in new equipment for its Windsor, Ontario, facility.    More

Market Reports

Pipe, Profile & Tubing Extrusion Market Trends

This report provides in-depth analysis of current trends, statistics and innovations in product design and production impacting the PP&T industry in North America.

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 million dollar 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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events