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

Atkore expands in PVC conduit, buying American Pipe & Plastics

October 20, 2014 6:06 pm ET

Atkore International Inc. of Harvey, Ill., has acquired PVC conduit maker American Pipe & Plastics Inc. of Kirkwood, N.Y., which serves the...    More

Ford shrinks its supplier 'watch list'

October 20, 2014 1:35 pm ET

Ford purchasing chief Hau Thai-Tang says suppliers are starting to invest in additional production capacity because they think the recovery is real.    More

Image

Hasco gets into augmented reality

October 17, 2014 6:00 am ET

Mold makers may be used to seeing cores and pins on the exhibition stand of a supplier — but not augmented reality that looks like it comes...    More

Image

Plastikon expanding in Kentucky

October 17, 2014 11:24 am ET

Automotive supplier Plastikon Industries Inc. plans to more than double the size of its production facility in Leitchfield, Ky.    More

Image

OnePlastics Group brand created to cover seven different plastics firms

October 17, 2014 9:48 am ET

A Dublin-based company is launching a new brand to unify its plastics businesses into a single entity called OnePlastics Group.    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 Woodís 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