Hickory Springs buys seat maker CE White

Published: January 8, 2013 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Automotive

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

TG Fluid adds extrusion equipment for fuel lines

May 17, 2013 2:37 pm ET

BRIGHTON, MICH. — TG Fluid Systems USA Corp. is adding a multilayer single-screw extruder machine to boost production of fuel lines for the...    More

Auto aftermarket industry to experience growth

May 17, 2013 9:38 am ET

BETHESDA, MD. — The U.S. auto aftermarket industry should grow 3.4 percent annually through 2016 to $263.8 billion, adding $32.6 billion to the ...    More

Waddington set to buy Canadian thermoformer Par-Pak

May 16, 2013 2:08 pm ET

BRAMPTON, ONTARIO -- Canada-based thermoformed packaging company Par-Pak Ltd. is slated to be bought by Waddington North America Inc., a major...    More

Christina Keller named president of CK Technologies

May 16, 2013 12:04 pm ET

GRAND RAPIDS, MICH. — Christina Keller has been named president of CK Technologies, a unit of Cascade Engineering Inc. that specializes in...    More

Image

Analyst: North American mold makers need to expand

May 15, 2013 10:59 am ET

MISSISSAUGA, ONTARIO — Before the auto slowdown that saw two carmakers file for bankruptcy, the North American auto industry launched about 40 a...    More

Upcoming Plastics News Events

June 4, 2013 - June 5, 2013Workforce Solutions West 2013

September 17, 2013 - September 18, 2013Plastics Caps & Closures 2013

November 12, 2013 - November 14, 2013Plastics Building Innovations 2013 Conference

More Events

Market Reports

Automotive Market Review and Outlook 2013 - North America

Plastics News' experts analyze North American automotive sector performance and prospects for future growth. View analysis of automobile manufacturers operating in the region as well as plastics processors that support the sector. Get perspectives from industry thought leaders on trends, product design, and the market outlook.

Learn more

Plastics News Thermoformers 2013 (Full Ranking)

Access data on 224 thermoformers including sales, throughput, number of presses, end markets served, materials processed, and plant locations.

Learn more