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

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

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

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

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

More Events