Exco buys Texas extrusion die company

By Michael Lauzon
Correspondent

Published: January 15, 2013 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Film & Sheet, Molds/Tooling

MARKHAM, ONTARIO (Jan. 15, 4 p.m. ET) — Extrusion die producer Exco Technologies Ltd. has extended its geographic reach by acquiring BE&H Extrusion Dies Inc. of Wylie, Texas.

Exco said it paid about $1.5 million in cash for the company. The deal gives Exco an experienced workforce and a stronger presence in markets where proximity to customers is important. The deal will boost Exco’s extrusion group sales by about 5 percent, a level which should grow in coming years, the Markham, Ontario, firm said in a Jan. 14 news release.

Exco has been serving the North American extrusion tooling market from Markham and a plant in Chesterfield, Mich. The Texas acquisition, which will be renamed Exco Texas, expands Exco’s stake in the south-central region of the United States and will provide capacity the company needs to meet resurgent demand for extrusion dies as the U.S. economic recovery gains momentum.

Exco employs 2,213 at 11 locations around the globe that supply the die-cast, extrusion and automotive industries.


Comments

Exco buys Texas extrusion die company

By Michael Lauzon
Correspondent

Published: January 15, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Impact-resistant window maker buys competitor for $111 million

July 31, 2014 3:07 pm ET

PGT Inc. is acquiring CGI Windows & Doors Holdings Inc. for $111 million as part of a plan to grow strategically by buying businesses with...    More

Buyer plans to sell former Hoover molding, assembly plants

July 31, 2014 2:06 pm ET

A former Hoover manufacturing plant with 150 injection machines in El Paso, Texas, and a nearby maquiladora plant in Juarez, Mexico, changed owners...    More

Private equity firm buys majority share of truck accessory maker

July 31, 2014 10:30 am ET

A majority share of Ann Arbor, Mich.-based truck accessory manufacturer Tectum Holdings Inc. has been acquired by Boston-based private equity firm TA ...    More

Image

Castle Harlan buys landscape erosion control firm Tensar

July 30, 2014 3:46 pm ET

Private equity group Castle Harlan inc. has acquired Atlanta-based Tensar Corp., with plans for the geosynthetic products maker and its subsidiaries...    More

Image

Bankruptcy court confirms GSE reorganization plan

July 29, 2014 4:01 pm ET

The U.S. Bankruptcy Court in Wilmington, Del., has confirmed the reorganization plan for geomembranes maker GSE Environmental Inc.    More

Market Reports

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

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

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