AUBURN HILLS, MICH. — Foamade Industries Inc. and Plasto SA have created a major automotive plastic foam and adhesives partnership.
Auburn Hills-based Foamade converts urethane, polyolefin, vinyl, silicone and other foams into seals, water shields, sound absorbers and other auto parts. Plasto of Dijon, France, makes specialty adhesives.
The partnership has about $105 million in combined annual sales to auto firms and Tier 1 suppliers, estimated Alain Piette, Foamade executive vice president and president of FPA LLC, the new partnership.
Foamade President Michael Egren said the firms decided to join forces to move technology around the world ``with minimal investment,'' by using existing assets and human resources.
Foamade and Plasto had a two-year joint venture in Europe that proved they can combine their respective expertise. Their main customers have been Detroit's Big Three automakers, Volkswagen AG and their suppliers.
Foamade's main market is automotive, but it also sells to medical, consumer and other markets. The 50-year-old firm is certified under ISO 9002 and QS 9000 standards. Plasto is a subsidiary of Groupe Fournier SA of Dijon, a pharmaceutical firm.
Piette said FPA recently negotiated a partnership with a SÃo Paulo, Brazil, company to supply auto firms in South America. It also is negotiating a partnership in Mexico City, and in the longer term plans to establish operations in Asia.