Canadian mold maker Thibault adding to new operation in Mexico

By Stephen Downer
Correspondent

Published: August 27, 2014 3:19 pm ET
Updated: August 27, 2014 3:23 pm ET

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

Related to this story

Topics Automotive, Appliances, Mergers & Acquisitions, Molds/Tooling, Mexico, Canada, Injection molds

Canadian mold maker I Thibault Inc has purchased an established Mexican company, Tecnimoldes SA de CV, for a seven-figure-dollar-sum and renamed it Tibomoldes SAPI de CV. The new enterprise started operating in late June and two machines are being added to the equipment lineup included in the acquisition.

The new company provides mold maintenance, modification and repair services, Sandra Tremblay, who is I Thibault’s business development manager as well as Tibomoldes’ general manager, told Plastics News by email.

In an interview in late March, Tremblay had said that 70 percent of Thibault’s business was in Mexico. “All our customers have been asking” when Thibault would open a tool shop in Mexico, she said.

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

Thibault is primarily 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.

Tecnimoldes was already working with Tier 1 and Tier 2 suppliers for Volkswagen AG, which has an expanding light vehicle assembly plant in Puebla. The Puebla facility is one of only two Volkswagen plants in the Americas.

Founded by Marc Thibault’s father in 1963, Thibault includes companies such as recreational vehicle builder BRP Inc., Ford, General Motors, Toyota and Reebok International among its partners. Outside Canada, it has sales offices in Puebla, Mexico, and in Dongguan, China.

The new Tibomoldes operation has an 11,300-square-foot factory in Puebla. It employs 22. The machinery it uses includes four 3-axis CNC machines, one 5-axis CNC machine, three EDMs, a wire cutter, two laser welding machines, a lathe and a 20-ton crane.

Tremblay said a spotting press and a more powerful EDM have been acquired and will be delivered shortly.

Marc Thibault is Tibomoldes’ president, Antonio Esteban is its operations manager and Benigno Ronquillo its sales representative.

According to Tremblay, I Thibault will continue offering mold manufacturing services through its plant in Canada and its Asia unit.


Comments

Canadian mold maker Thibault adding to new operation in Mexico

By Stephen Downer
Correspondent

Published: August 27, 2014 3:19 pm ET
Updated: August 27, 2014 3:23 pm ET

Post Your Comments


Back to story


More stories

Image

Mexico's Polymer Solutions looks to grow, expand offerings with name change

January 23, 2015 12:03 pm ET

British biodegradable additives developer Symphony Environmental Technologies plc's Mexico distributor has changed its name from Plásticos...    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-...    More

Image

Esterform buys Constar UK, doubles PET preform capacity

January 23, 2015 10:07 am ET

Constar UK, once part of global packaging firm Constar International Holdings LLC, has a new owner.    More

Image

Gurit wins carbon fiber auto contract using new processing technology

January 23, 2015 9:22 am ET

Switzerland-based composite materials group Gurit Holding AG has been selected as the supplier for carbon fiber based automotive body panels at a...    More

Image

Dielectric expands capability range with acquisition of Centerline Machine

January 22, 2015 4:00 pm ET

Dielectric Corp. of Menominee Falls, Wis., is expanding its ability to machine a wide range of materials and sizes with the acquisition of Centerline ...    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