Detroit Technologies buys Formed Fiber Technologies

By Rhoda Miel
News Editor

Published: May 29, 2013 11:07 am ET
Updated: May 29, 2013 11:09 am ET

Related to this story

Topics Automotive, Mergers & Acquisitions, Injection Molding, Thermoforming

BINGHAM FARMS, MICH. — Detroit Technologies Inc. has added to its capabilities in auto interiors parts with the acquisition of Formed Fiber Technologies Inc.

DTI, which is based in Bingham Farms, has injection molding within its DTI Plastics unit in Macomb, Mich.

Formed Fiber Technologies has in-house thermoforming for trunk trim and wheel wells in addition to producing non-woven material used as cover stock in several interior parts. The Auburn, Maine, company also has operations in Sidney, Ohio, and Sumter, S.C., and has 766 employees.

FFT has been a supplier to DTI since DTI opened in 1996.

“This fits nicely with the core capabilities in automotive interiors we have been building,” said Bill Vaughn, DTI’s vice president, in a May 22 news release announcing the deal. “This fortifies our position as a supplier who can offer automotive manufacturers vertically integrated solutions.”

The companies did not disclose the purchase price. Consulting group BBK Holdings was an adviser on the sale.


Comments

Detroit Technologies buys Formed Fiber Technologies

By Rhoda Miel
News Editor

Published: May 29, 2013 11:07 am ET
Updated: May 29, 2013 11:09 am ET

Post Your Comments


Back to story


More stories

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

Toyoda Gosei's growth strategy places a big focus on North America

October 23, 2014 1:21 pm ET

Sometimes, knowing your weaknesses is just as important as knowing your strengths. And if 2014 is any indication, automotive supplier Toyoda Gosei Co....    More

Image

Report: Private equity companies may seek to buy Bayer MaterialScience

October 23, 2014 10:56 am ET

A number of investment groups are reported to be interested buying Bayer AG's MaterialScience operation, valued at around 10 billion euros ($12.6...    More

Image

Ford's final ACH plant, injection molder of HVAC systems, to close

October 22, 2014 1:58 pm ET

Ford Motor Co. will shed the last line of business in 9-year-old Automotive Component Holdings LLC by December when ACH closes its Plymouth, Mich.,...    More

Image

Comar merging with Convergence Packaging

October 21, 2014 5:07 pm ET

A couple of plastic packaging companies owned by private investment firm Graham Partners are merging into a single entity.    More

Market Reports

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 million dollar 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

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

Upcoming Plastics News Events

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

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

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

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

More Events