Toronto molder Dynaplast buys mold shop

By Michael Lauzon
Correspondent

Published: December 17, 2013 4:53 pm ET
Updated: December 17, 2013 4:55 pm ET

Related to this story

Topics Mergers & Acquisitions, Automotive, Injection Molding, Molds/Tooling

Dynaplas Ltd. has bolstered its toolmaking capabilities by acquiring a small mold shop in Peterborough, Ontario.

Dynaplas, a custom molder and mold maker in Toronto, announced the acquisition of Chilton Precision Inc. on Dec. 6. It did not disclose terms of the deal.

Chilton Precision, a specialist in mold bases, “complements our in-house mold making,” said Dynaplas director of sales Sean Dent, in a phone interview. “They’re very good at what they do.”

Dynaplas has relied heavily on Chilton Precision for mold bases and when the owners decided to focus on the operational side of the Chilton operation, Dynaplas saw an opportunity to integrate Chilton Precision’s administrative functions into its own, Dent explained. Dynaplas’ size also helps ensure financial stability.

Dynaplas has 175 employees and annual sales of about C$32 million (US$33.9 million). Chilton employs six.

Chilton’s former owners, Steve and Mike Chilton, will continue with the Peterborough business as vice president and president, respectively. The operation will continue to run as a separate entity in Peterborough to encourage key employees to stay with Chilton Precision.

The vast majority of Dynaplas’ sales are in automotive, with a significant portion of that in exports to low-cost regions offshore. Other markets are commercial and industrial, plumbing, electronics and cosmetics. A relatively new but growing business is its foray into paddles for white water and touring boats, kayaks and canoes. That subsidiary, housed in its Toronto plant, is called H2O Performance Paddles.

Dynaplas uses engineering and high-heat resins for high precision, tight tolerance parts. Its technology for stiff, lightweight paddles molded from glass and carbon reinforcements can transfer over into its other molding markets. It runs 55 presses with clamps from 12 to 500 tons.

“Adding Steve and Mike Chilton’s expertise in precision machining deepens our company’s talent level in mold making and will make us more efficient in supplying the highest quality products to our customers,” noted Dynaplas President, CEO and owner, Greg Walton, in a news release.


Comments

Toronto molder Dynaplast buys mold shop

By Michael Lauzon
Correspondent

Published: December 17, 2013 4:53 pm ET
Updated: December 17, 2013 4:55 pm ET

Post Your Comments


Back to story


More stories

Image

Cascade Engineering founder Keller to step down as CEO

September 16, 2014 8:33 pm ET

Cascade Engineering Inc. is undergoing a transition as President Mark Miller will also add the role of CEO, replacing founder Fred Keller, who has...    More

Image

Canadian, Mexican injection molders form auto supply joint venture

September 16, 2014 2:26 pm ET

A new automotive parts manufacturer will open in Querétaro, Mexico, through a joint venture between Canadian automotive supplier Papp Plastics and...    More

Image

Increased capacity in the US helps Zeon Chemical supply seals globally

September 16, 2014 9:46 am ET

The automotive industry continues to be one of the driving forces of Zeon Chemicals LP., which specializes in heat-resistant and oil-resistant...    More

Image

ZF finalizes deal to buy TRW, creating another global auto supply giant

September 15, 2014 1:09 pm ET

TRW Automotive Holdings, in a supply chain megadeal that has been in the works since mid-July, said Sept. 15 it has agreed to be acquired by German...    More

Image

Delphi CEO O'Neal stepping down

September 15, 2014 12:05 pm ET

Delphi Automotive plc announced that Rodney O'Neal will retire as CEO and president on March 1, 2015, ending his 43-year career at the global automoti...    More

Market Reports

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

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

Upcoming Plastics News Events

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

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

More Events