Techniplas acquires Swiss auto parts maker

US-based, privately held company Techniplas, which primarily serve the automotive, industrial and medium and heavy truck industries, has acquired the Plastics Technology Automotive and Industrial (A & I) division of Switzerland-based Weidmann International Corporation (WICOR group). Terms were not disclosed.

With headquarters and a full service design and technical centre in Rapperswil, Switzerland, and manufacturing facilities in Switzerland, Germany, Brazil, China and the US, Weidmann produces plastic components primarily for the automotive industry. Key technology areas include air/water separation components, lighting technology, under-the-hood components and a variety of interior and exterior decorative components and modules.

The business will continue to operate as a separate company and will continue to be headquartered in Rapperswil. Weidmann will also coordinate many of its activities with existing Techniplas companies Dickten Masch Plastics, Nyloncraft and Vallotech as Techniplas continues to serve an increasingly global customer base.

Techniplas sales growth with the addition of Weidmann will take the company from US$234 million to nearly US$500 million, which is well balanced across multiple geographic

The vision of Techniplas is to create a platform of highly successful, growth-oriented plastic enterprises that maintain flexibility in terms of scale and structure. The Techniplas group of companies include: Nyloncraft with facilities in Mishawaka, Ind., and Jonesville, Mich., producingtechnical precision components and modules primarily for the automotive and medium and heavy truck industries; Dickten Masch with facilities in Wisconsin, Iowa and Monterrey, Mexico, as a leading producer of technical plastic plastic components and assemblies for a variety of automotive, transportation and industrial segments; and Vallotech, based in Vallorbe, Switzerland, specialising in ultra high-precision thermoset and thermoplastic parts for the automotive industry.

(IMA)

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