M&A Deal Summary

Core Molding Technologies Acquires CPI Binani

On March 20, 2015, Core Molding Technologies acquired plastics company CPI Binani from Binani Industries for 15M USD

Acquisition Highlights
  • This is Core Molding Technologies’ 1st transaction in the Plastics sector.
  • This is Core Molding Technologies’ 2nd largest (disclosed) transaction.
  • This is Core Molding Technologies’ 1st transaction in the United States.
  • This is Core Molding Technologies’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2015-03-20
Target CPI Binani
Sector Plastics
Buyer(s) Core Molding Technologies
Sellers(s) Binani Industries
Deal Type Divestiture
Deal Value 15M USD

Target

CPI Binani

Winona, Minnesota, United States
CPI Binani, Inc. is a producer of direct long-fiber thermoplastics (D-LFT) products, serving the marine, automotive, packaging and other industries.

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Buyer(S) 1

Buyer

Core Molding Technologies

Columbus, Ohio, United States
Category Company
Founded 1996
Sector Plastics
Employees1,857
Revenue 358M USD (2023)
DESCRIPTION

Core Molding Technologies is a manufacturer of sheet molding compound and a molder of fiberglass reinforced plastics. Core Molding Technologies was founded in 1996 and is based in Columbus, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Plastics) 1 of 2
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Horizon Plastics International

Cobourg, Ontario, Canada

Horizon Plastics International, Inc. is a custom low-pressure structural plastic molder, which utilizes both structural foam and structural web process technologies. Horizon Plastics International, Inc. was founded in 1972 and is based in Cobourg, Ontario.

Buy $63M

Seller(S) 1

SELLER

Binani Industries

Mumbai, India
Category Company
Founded 1872
Sector Building Materials
Employees12
Revenue 15M INR (2023)
DESCRIPTION

Binani Industries is a fast growing, multidimensional business conglomerate with sales, manufacturing, R&D operations spread in Asia, Europe, Middle East and North America. It’s diversified businesses deliver products, solutions and information services for industries spanning cement, glass fibre, composites, zinc, construction, and energy. Binani Industries was incorporated in 1872 and is headquartered in Mumbai, India.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-02 3B Fiberglass

Battice, Belgium

3B manufactures and sells composite materials that are used to strengthen and lighten components and parts in the automotive, wind energy, electronics and consumer goods industries, among others.

Buy €275M
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