Automotive supplier Nyloncraft Inc. has acquired the assets of Automold of America Inc. of Auburn Hills, Mich., and eventually plans to shut down the Automold plant.
Automold's use of injection compression molding, long-glass-fiber materials and robotically applied foam-in-place gasketing are new technologies that Nyloncraft said it will apply to its products. The injection compression process particularly was attractive because it allows a smaller press to be used for some jobs and provides stress-free parts, said Jim Deren, Nyloncraft's director of business development.
Terms of the Oct. 29 deal were not disclosed.
While the leased Auburn Hills plant is open for now, Nyloncraft will move machinery and work to other plants by the end of the first quarter of 2005, Deren said. Business will be split between the firm's Jonesville, Mich., and Mishawaka, Ind., facilities. Some employees may transfer with the lines, but others will be laid off and offered transitional assistance, he said.
Automold has seven presses, with 200-1,000 tons of clamping force.
Nyloncraft is a Tier 1 and Tier 2 automotive and heavy-truck parts supplier with sales expected to exceed $100 million in 2005, said Deren. It employs more than 700. Nyloncraft is headquartered in Mishawaka, where it installed a 3,000-ton two-shot press at the start of 2004. It has 96 injection molding machines, from 88-3,000 tons. The firm also has a plant in Bowling Green, Ky.
Nyloncraft specializes in large-tonnage, multishot and overmolding work. It uses hard and soft resins for large parts, including under-the-hood parts, interior and exterior trim.