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

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Plasan investing in capacity, jobs to supply auto market with carbon fiber

September 19, 2014 3:05 pm ET

Growth in the emerging automotive market for carbon-fiber composites has spurred a $29 million investment in a Walker, Mich., factory    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Image

Toyoda Gosei expanding in Mexico

September 19, 2014 2:33 pm ET

Toyoda Gosei North America Corp. is investing $67 million in a 398,000-square-foot plant in central Mexico to supply the automotive industry with...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

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

Upcoming Plastics News Events

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

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

More Events