Published on June 12th, 2013 | by Nick D1
Mishawaka Company Acquires Fort Wayne Facility
June 10, 2013 - News Release, originally posted on Inside Indiana Business
MISHAWAKA, Ind. – Nyloncraft Inc., a major supplier of under the hood and structural plastic components, today announced the acquisition of the NYX Fort Wayne facility, a leading manufacturer of highly engineered, pressurized fluid handling vessels and components for under-the-hood vehicle applications.
The business will operate as part of Nyloncraft Inc., and will be called NCI Fort Wayne. Nyloncraft, which operates facilities in Indiana and Michigan, has built a reputation as a technical leader in the automotive and heavy trucking industries for its innovative vacuum boost technologies and structural parts.
“Under-the-hood components are critical areas of focus when looking toward the future of fuel-efficient vehicles,” said Jim Krzyzewski, President and CEO of Nyloncraft. “Bringing an operation like the NYX Fort Wayne facility into Nyloncraft further strengthens our position as an automotive industry leader and greatly benefits our customers, who are looking to us as a complete supply chain partner with deep technical expertise and broad geographic reach. In addition to our automotive customers, our industrial customers with small engine applications and hermetically sealed plastic welded products will benefit as well.”
The NCI Fort Wayne facility provides products and technology for several automotive applications such as brake reservoirs, surge tanks and suspension components. These additional competencies will deliver benefits for customers of Nyloncraft, who will now have access to more world-class, under-the-hood capabilities from an existing, trusted partner.
Nyloncraft is part of TECHNIPLAS, a group of specialized leaders in plastics that includes Dickten Masch Plastics based in Nashotah Wisconsin and Vallotech based in Vallorbe, Switzerland. The acquisition adds to the group’s growing competencies in the manufacture of
light-and heavy-duty plastic vehicle parts. Dickten Masch has facilities in Wisconsin, Iowa and Monterrey, Mexico, and is a custom thermoplastics and thermoset plastics manufacturer providing an array of automotive and industrial components including a dominant North American position in fluid level indicators. Vallotech specializes in extremely high-precision
thermoset and thermoplastic parts for the automotive industry.
“This transaction ultimately allows the NYX Fort Wayne facility under Nyloncraft to grow from a regional molder into a global plastics industry player under the Techniplas umbrella,” said Kim Korth, President and CEO of TECHNIPLAS.
Terms of the transaction are not being disclosed.
About Nyloncraft Inc.
Nyloncraft Inc.-part of The TECHNIPLAS Group of plastics-focused manufacturing businesses-has built a reputation within the automotive and heavy trucking industries for its ability to create new product innovations. The company does this while exceeding stringent automotive requirements to lower cost and reduce weight, and maintaining the highest level of quality and safety performance. To learn more, visit www.nyloncraft.com.
About the TECHNIPLAS Group TECHNIPLAS is a privately held group of specialized plastics companies.
With technically advanced facilities in North America and Europe, the group companies act as complete supply chain partners committed to on going innovation, deep technical expertise and flawless execution for exacting customers around the world.
For more information, visit www.techniplasgroup.com/.