Seaway purchases Excalibur

By Rhoda Miel
News Editor

Published: January 7, 2013 6:00 am ET

Related to this story

Topics In Print

Florida prototype injection molder and toolmaking specialist Seaway Plastics Engineering Inc. has purchased Excalibur Manufacturing Corp., in a move that expands Seaway’s ability to deliver everything from prototype tooling and molding to midvolume 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 for low- and midvolume 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, with clamping forces of 44-500 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 that 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 purchases Excalibur

By Rhoda Miel
News Editor

Published: January 7, 2013 6:00 am ET

Post Your Comments


Back to story

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events