NASHOTAH, Wis. – Techniplas – a North American-based, privately held group of plastic manufacturers who primarily serve the automotive, industrial and medium and heavy truck industries – has announced the acquisition of the Plastics Technology Automotive and Industrial (A & I) division of WEIDMANN International Corp. (WICOR group).
With headquarters and a full service design and technical center in Rapperswil, Switzerland, and manufacturing facilities in Switzerland, Germany, Brazil, China and the United States, WEIDMANN Plastics Technology A & I division produces highly engineered and technically complex plastic components primarily for the automotive industry. Key technology areas include air/water separation components, lighting technology, under hood components and a variety of interior and exterior decorative components and modules.
"We are very pleased to add WEIDMANN Plastics Technology A & I division to the Techniplas group," said George Votis, chairman and founder of Techniplas. "WEIDMANN A & I is well-known in the automotive industry for its Swiss quality, state-of-the-art manufacturing and ability to fully support its customers from concept to production. With an extensive global presence and a highly qualified management team, we believe the combination of existing Techniplas companies with WEIDMANN A & I creates a powerful new business entity."
The business will continue to operate as a separate company under the WEIDMANN name and will continue to be headquartered in Rapperswil. WEIDMANN A & I will 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 A & I will take the company from $234 million to nearly $500 million, balanced across multiple geographic regions.
"The addition of WEIDMANN A & I significantly expands the global presence and technical depth of Techniplas," said Kim Korth, president and CEO of Techniplas. "With its superb reputation of successfully supporting the highly demanding premium European OEMs and a demonstrated track record in new product and process development, WEIDMANN A & I brings competencies that can be leveraged across all Techniplas companies."
Terms of the transaction are not being disclosed.
