Hickory Springs buys seat maker CE White

Published: January 8, 2013 6:00 am ET

Related to this story

Topics Automotive, Mergers & Acquisitions

HICKORY, N.C. (Jan. 8, 10:25 a.m. ET) — Foam product manufacturer group Hickory Springs Manufacturing Co. has acquired CE White Co., a manufacturer of seating products for the commercial/transit and school-bus markets.

As a result, Hickory Springs will expand its footprint in the transport seating market and provide customers with a complete seating solution, the company said.

Hickory Springs itself offers integrated solutions and components for furniture, bedding, transport and a growing number of diversified markets.

The deal “enhances opportunities for both companies as it leverages the core capabilities of each,” said Hickory Springs President and CEO David Colburn, in news release.

Colburn noted that the acquisition allows Hickory Springs to capitalize on its unique competitive advantage “as a producer of multiple components that can now be combined to create an integrated seating solution … bringing new opportunities to CE White in the process,” Colburn added.

Integration of the two companies will take place over the next 90 days.

Tony Everett, president and CEO of CE White, said the opportunity brings together the capabilities and resources of two well-established companies.

Everett added that Hickory Springs offers the seat – the metal frame and the foam – and CE White brings cut and sewn covers and experience as a seat manufacturer. The combined business will be able to offer integrated solution for the transport seating market, he feels.

CE White will continue to be headquartered in New Washington, Ohio, and Everett will report directly to Lee Lunsford, executive vice president and chief operations officer at Hickory Springs, to ensure a smooth and successful merger.


Comments

Hickory Springs buys seat maker CE White

Published: January 8, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Plastic Omnium makes China investment push

February 26, 2015 4:35 pm ET

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in...    More

Image

Ferro acquires TherMark Holdings for $5.5 million

February 26, 2015 12:15 pm ET

Ferro Corp. said it acquired privately held TherMark Holdings Inc., a laser marking technology company, for $5.5 million in cash.    More

Image

Serbia puts Krušik-Plastika up for sale

February 26, 2015 11:39 am ET

The Serbian Privatization Agency has launched the privatization process for local plastics maker Krušik-Plastika. The agency says it is...    More

Image

3i to sell specialty chemicals company Azelis to Apax Partners

February 26, 2015 11:36 am ET

Azelis Holding SA, the specialty chemicals distributor, is being sold by its private equity owners 3i Group plc to another private investment outfit, ...    More

Image

Amut buys Dolci and Bielloni

February 25, 2015 3:41 pm ET

Amut SpA, the Novara, Italy-based maker of extruders, thermoforming machines and plastics recycling equipment, has acquired the Italian company that m...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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 billion 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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events