M&A Deal Summary

Core Molding Technologies Acquires Horizon Plastics International

On January 16, 2018, Core Molding Technologies acquired plastics company Horizon Plastics International for 63M USD

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

M&A Deal Summary
Date 2018-01-16
Target Horizon Plastics International
Sector Plastics
Buyer(s) Core Molding Technologies
Deal Type Add-on Acquisition
Deal Value 63M USD
Advisor(s) STS Capital Partners (Financial)

Target

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.

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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 2 of 2
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-20 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.

Buy $15M
Mergr

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