Canadian mold maker buying Mexico firm

By Stephen Downer
Correspondent

Published: June 11, 2014 11:45 am ET
Updated: June 12, 2014 9:08 am ET

Image By: Stephen Downer Marc Thibault and Sandra Treblay of I Thibault Inc.

Related to this story

Topics Mergers & Acquisitions, Automotive, Molds/Tooling

GUADALAJARA, MEXICO — Canadian mold maker I Thibault Inc. is in advanced negotiations to buy an established Mexican mold-making company.

“We are getting close but [the deal is] still not signed,” Sandra Tremblay, Thibault’s business development manager, told Plastics News by email June 10.

In an interview on the company’s booth at Expo Plásticos in Guadalajara, Mexico, in late March, Tremblay said that 70 percent of Thibault’s business is in Mexico.

She said “all our customers have been asking” when Thibault would open a toolmaking facility in Mexico.

Based in Saint-Damien de Buckland, Quebec, Thibault has annual sales of US$12 million, according to Marc Thibault, Thibault’s president and CEO, in the same interview.

Thibault is predominantly a supplier of molds for Tier 1 and Tier 2 automotive industry suppliers, although the company will also service such sectors as domestic appliances, Marc Thibault and Tremblay said.

The Mexican company that Thibault plans to buy already works with Tier 1 and Tier 2 suppliers for Volkswagen AG, which has an ever-expanding, light vehicle assembly plant in Puebla, Mexico, one of only two in the Americas.

Founded by Marc Thibault’s father in 1963, Thibault counts companies such as recreational vehicle builder BRP Inc., Ford Motor Co., General Motors, Toyota Motor Corp. and Reebok International Ltd. among its customers.

Outside Canada, it has sales offices in Puebla and in Dongguan, China.


Comments

Canadian mold maker buying Mexico firm

By Stephen Downer
Correspondent

Published: June 11, 2014 11:45 am ET
Updated: June 12, 2014 9:08 am ET

Post Your Comments


Back to story


More stories

Image

Major packaging merger includes plastics operations

January 26, 2015 12:24 pm ET

A merger of packaging companies MeadWestvaco Corp. and Rock-Tenn Inc. will create a new company with nearly $16 billion in annual sales.    More

Image

Auto industry on the hunt for new lightweight materials

January 26, 2015 4:03 pm ET

The auto industry is focusing on lightweighting, and this is igniting a race to find new materials that can meet ever-changing performance needs of...    More

Image

Continental builds low-emission interior trim factory in China

January 26, 2015 12:33 pm ET

Benecke-Kaliko AG is making the largest investment in its history to build an environmentally friendly auto interior trim plant in China, prompted by ...    More

Image

J6 Polymers to buy Stepan unit

January 26, 2015 12:22 pm ET

NORTHFIELD, ILL. — Stepan Co. plans to sell its specialty polyurethanes systems business to J6 Polymers LLC in a cash deal.    More

Image

W&H buys bigger stake in BSW

January 23, 2015 10:43 am ET

Windmoeller & Hoelscher KG will get more involved in flexible packaging machinery through its bigger stake in machinery maker BSW Machinery Handels-Gm...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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