Miniature Precision Components Inc., a custom molder based in Walworth, Wis., has opened a sales office in England to move closer to key customers in the European automotive market. MPC, with $65 million in sales last year and 1,300 employees, draws nearly 90 percent of its revenue from the automotive industry, with Ford Motor Co. its largest customer. The molder makes under-the-hood components, such as vacuum harness assemblies and fluid reservoirs.
The new European office, in Brentwood, England, will be headed by Graham Jones, former United Kingdom sales manager for Allied Signal Automotive. MPC, although not disclosing plans to expand manufacturing to Europe, eventually may do that.
``If you want to play, you've got to be global,'' said Jeff Lane, vice president of marketing.
MPC, begun as a small auto supplier in 1972 by founder Jay Brost, has plants in Walworth and Prairie du Chien, Wis., and Santa Ana, Mexico.
Overall, MPC runs about 40 injection presses with clamping forces of 50-700 tons - and three extrusion lines.
Beside the new office in England, MPC also has sales offices in Walworth, Southfield, Mich., and Mexico City.
Lane said MPC sales have been growing at an annual rate of 25 percent. Executive Vice President Jim Brost directs day-to-day operations.