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 Mergers & Acquisitions Canada Mexico Appliances Automotive Injection molds Molds/Tooling
Companies & Associations

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

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Core Molding buys CPI Binani assets, adds markets, D-LFT capabilities

March 20, 2015 1:20 pm ET

Core Molding Technologies Inc. is expanding its thermoplastics capabilities with the acquisition of substantially all the assets of CPI Binani Inc.,...    More

Image

Proposed Cardia-Stellar merger labeled 'not fair,' but still 'reasonable'

March 20, 2015 10:34 am ET

If the proposed merger of two Australian bioplastics companies goes ahead, the new company will be called Secos Group Ltd. and have annual sales of...    More

Image

Transilwrap buys Clear Focus, expands in advertising films

March 20, 2015 10:03 am ET

Film extruder Transilwrap Company Inc. has bought Clear Focus Imaging, a manufacturer of printable plastic films for large-scale display advertising l...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion 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

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events