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

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    More

Image

Momentive to get a new name in January

December 19, 2014 9:45 am ET

Momentive Specialty Chemicals Inc. will change its name to Hexion Inc., effective Jan. 15.    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS...    More

Image

BASF to sell its share in Singapore JV

December 19, 2014 8:37 am ET

BASF SE has announced that it has reached an agreement for it to sell its share in the 50-50 joint venture ELLBA Eastern, at Jurong Island, Singapore ...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

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