Flex-N-Gate LLC acquired elements of Meridian Automotive Systems Inc.'s bumper business July 7.
Flex-N-Gate has bought, or assumed leases for, Meridian businesses in Grand Rapids, Fowlerville and Ionia, Mich., and Angola, Ind., said a July 9 news release from Allen Park, Mich.-based Meridian.
Terms were not disclosed.
Meridian has been selling assets and closing plants during the past year. In July, the firm told local authorities it was idling its Shelbyville, Ind., plant and that 295 workers had lost their jobs, according to an Associated Press report. It also closed a site in Grabill, Ind., eliminating 122 jobs, AP said.
In June Plastics News reported Meridian sold seven plants to Decoma International Corp., saying at the time that it intended to focus on its core auto parts and improve its overall liquidity. Those plants mainly served commercial truck and non-automotive customers, according to Meridian.
City officials in Ionia and Kentwood, a suburb of Grand Rapids, said they were optimistic about those plants staying open, according to a report in the Grand Rapids Press.
Flex-N-Gate makes metal and plastic auto parts and assemblies at 50 plants, in Argentina, Mexico, Spain and the U.S.
Meridian made front- and rear-end modules, exterior thermoplastic and composite parts and lighting systems to car and truck makers, and for consumer and industrial products. Plastics News estimated the firm's 2008 injection molding sales at $155 million.
PN also estimated Urbana, Ill.-based Flex-N-Gate's 2008 injection molding sales at $155 million.
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