Aussie plastics company buys a key client

By Kate Tilley
Correspondent

Published: December 2, 2013 4:02 pm ET
Updated: December 2, 2013 4:03 pm ET

Related to this story

Topics Mergers & Acquisitions, Lighting, Injection Molding

MELBOURNE, AUSTRALIA — An Australian plastic components manufacturer has bought one of its major clients, the Australian arm of an Austrian-based lighting products manufacturer.

Melbourne-based Custom Mould Plastics Pty. Ltd. (CMP) bought lighting component maker Tridonic Manufacturing Pty. Ltd., also based in Melbourne.

CMP general manager Goran Andonovski will not say what the deal is worth.

CMP bought the company from Dornbirn, Austria-based Tridonic GmbH & Co KG, which is a subsidiary of Zumtobel AG.

Tridonic’s Tullamarine plant manufactures magnetic ballasts, which limit the amount of current in electrical circuits; LED modules and converters; and lighting management systems.

CMP, which has supplied parts to Tridonic for 10 years, will continue producing and selling magnetic ballasts for the Australian market under a new brand name, CMP Controls.

Andonovski told Plastics News the 100 percent buyout will secure a stronger future for both companies.

CMP, which will remain a supply partner for Tridonic’s global divisions, has been making low and high density polyethylene, polypropylene and polystyrene components for more than 15 years and has 100 staff.

“We’ve been a supplier to Tridonic for many years, so we saw it as a great fit and a natural progression,” Andonovski said.

Andonovski said a major consideration for CMP is the chance to retain domestic skills and production standards in Australia, rather than Tridonic being sold to an overseas buyer.

‘‘We’ve got some really good technologies and some very highly trained people, so to shift all that overseas would not have been acceptable in our minds,” he said.

Andonovski said CMP supplies “virtually anything that can be molded” to Tridonic, including components made from biodegradable plastics, which are slowly becoming more prevalent in the electrical industry.

“Biodegradable components are still a bit expensive and only used in special cases but we are starting to see more of them,” he said.

Tridonic’s Australian CEO Alfred Felder said the sale to CMP strengthens job prospects for staff at the plant and ensures the Australian lighting market has an ongoing supply of magnetic control gear requirements. He said Tridonic will now focus on electronic ballasts and LED technology.

 


Comments

Aussie plastics company buys a key client

By Kate Tilley
Correspondent

Published: December 2, 2013 4:02 pm ET
Updated: December 2, 2013 4:03 pm ET

Post Your Comments


Back to story


More stories

Image

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Sweden's Indutrade buys Belgian packaging firm Verbeek

December 18, 2014 9:42 am ET

Sweden's Indutrade AB has purchased all the shares in Belgium's Verbeeck Packaging Group.    More

Image

Röchling buys two UK firms

December 18, 2014 9:24 am ET

Germany's Röchling Engineering Plastics SE & Co. KG has expanded its presence in the high-performance plastics market by acquiring two British firms...    More

Image

Milacron opening Mexico technical center, considers another in Brazil

December 16, 2014 12:58 pm ET

Milacron LLC plans to officially open a new technical center in Querétaro, 140 miles northwest of Mexico City, early in 2015, and the company is consi...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events