DETROIT - Dana Corp. announced Dec. 19 that it acquired automotive supplier Mohawk Plastics Inc., a custom molder based in Marine City, Mich. Terms were not disclosed. Dana, based in Toledo, Ohio, said it planned to consolidate Mohawk with its Plumley Cos. Inc. unit, an extruder and molder of rubber and silicone sealing products.
Dana said it would retain Mohawk's work force, which numbers about 100 at two plants in Marine City. Mohawk is expecting 1995 sales to top $12 million.
About 85 percent of Mohawk's sales are to automotive customers, including the Big Three, Honda Motor Co. and Isuzu Motors Ltd. The molder produces parts such as gaskets, accessories, fasteners, trim and underhood components. Mohawk also produces parts for other end markets, including appliance, industrial and consumer goods.
Dana said one of Mohawk's current owners, Charles Cronenworth Jr., will continue with the company as manager of the Marine City operations.
Plumley, headquartered inParis, Tenn., was acquired by Dana in February. The company had sales of $100 million in 1994.
Mohawk is the first acquisition for Plumley since it became part of Dana earlier this year, said Michael Plumley, chief executive officer and general manager of the Plumley Cos.
Charles J. McNamara, president of Dana's Sealing Products Group, said in a statement that the Mohawk acquisition gives the company new capabilities for sealing products. Molded rubber and plastics are playing an increasingly important role in the company's product lines, he added.
Dana had 1994 sales of $6.6 billion.