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, Injection Molding, Lighting

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

Magna opens new exterior facility, plans for lighting investment

October 30, 2014 1:36 pm ET

Canadian automotive supplier Magna International Inc. on Oct. 28 opened a new injection molding and robotic paint line facility in Delta Township,...    More

Image

Xten may shut down, working on sale to Commercial Plastics

October 29, 2014 5:49 pm ET

Xten Industries LLC is working on a sale to Commercial Plastics Co. of Mundelein, Ill. Xten, an injection molder based in Kenosha, Wis., filed a...    More

Image

Detroit Manufacturing Systems to hire 200 for F-150 production

October 29, 2014 10:40 am ET

Interior trim supplier Detroit Manufacturing Systems LLC plans to hire 200 assembly workers by January to support production growth of Ford Motor Co....    More

Image

Cosmetic packaging maker expands in China

October 28, 2014 3:32 pm ET

A $180 million expansion project by the Derjin Group of Taiwan has broken ground in China's Jiangsu province.    More

Image

Facing labor shortage, one processor starts its own bus service

October 27, 2014 2:08 pm ET

Like much of the manufacturing industry, Primera Plastics Inc. in Zeeland, Mich., has had trouble finding qualified workers to fill gaps in its staff....    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

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

More Events