Core Molding Technologies Acquires Assets of Keystone Restyling Products - aftermarketNews

Core Molding Technologies Acquires Assets of Keystone Restyling Products

Core Molding Technologies has acquired substantially all the operating assets of Toledo, Ohio-based Keystone Restyling Products, a privately held manufacturer and distributor of fiberglass reinforced products for the automotive aftermarket. Keystone designs, manufactures and markets a variety of custom light truck aftermarket accessories, including: hoods, spoilers, air dams, bumper covers and roll pans.

COLUMBUS, OH — Core Molding Technologies has acquired substantially all the operating assets of Toledo, Ohio-based Keystone Restyling Products, a privately held manufacturer and distributor of fiberglass reinforced products for the automotive aftermarket. Keystone designs, manufactures and markets a variety of custom light truck aftermarket accessories, including: hoods, spoilers, air dams, bumper covers and roll pans.

Core Molding Technologies is a compounder of sheet molding composites (SMC) and molder of fiberglass reinforced plastics. The company produces high quality fiberglass reinforced, molded products and SMC materials for varied markets, including medium and heavy-duty trucks, automobiles, personal watercraft and other commercial products. Headquartered in Columbus, Ohio, the company operates plants in Columbus, Gaffney, SC, and Matamoros, Mexico.

“We believe this acquisition represents an excellent addition for Core in support of our strategy to become an increasingly diversified molding company,” said James Simonton, president and CEO. “The appearance category of the automotive aftermarket segment represents a strong consumer market that has historically posted annual growth rates of approximately 10 percent.”

Simonton said the company does not expect to incur any new long-term debt in regards to this acquisition. Keystone’s annual sales are approximately $3 million.

Terms of the transaction were not disclosed.

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

Dana Participating in Easter Jeep Safari

The event will take place in Moab, Utah, March 23-31.

Dana to Participate in Easter Jeep Safari 2024

Dana Incorporated will participate in Easter Jeep Safari 2024, held March 23-31 in Moab, Utah. Dana products will be on site and available for demonstrations.

“At Dana, we are committed to rigorously testing and validating our products in the most challenging conditions to guarantee superior quality, durability, and performance,” said Bill Nunnery, senior director, sales and marketing, global aftermarket for Dana. “Easter Jeep Safari features rugged trails that offer us an ideal terrain for product trials. The event also gives us the opportunity to engage with Jeep enthusiasts and understand how we can enhance their off-road experiences through vehicle customizations.”

ZF Aftermarket Releases 80 New Parts

The latest additions expand coverage to more than 5 million vehicles in operation.

ZF Aftermarket Releases 80 New Parts
Schaeffler Highlights ESG Progress in 2023 Sustainability Report

Schaeffler is currently focusing on seven key ESG goals in the implementation of its sustainability strategy.

Schaeffler 2023 Sustainability Report
CMA, DoubleCoin to Showcase Long-Haul Steer Tires at MATS

Company reps will be on-site to answer questions, schedule meetings and coordinate a raffle of outdoor sporting equipment in booth #11140.

tire-distribution-outlook-tire-rack
GB Reman to Host Jackpot Giveaway Winner at Long Beach Grand Prix

Jon Hetzel, owner of Hesski ServiCenter in Levittown, Pennsylvania, will join GB Reman in the company’s hometown next month

GB Reman to Host Jackpot Giveaway Winner at Grand Prix of Long Beach

Other Posts

Bendix Surpasses Worker Safety Goals

Bendix says its Total Case Improvement Rate improved since 2022.

Bendix Announces Worker Safety Statistics
New Rislone ‘DEF Crystal Clean’ Clears P20EE Codes

The product scrubs away crystal contaminants from the selective catalytic reduction systems of diesel cars, trucks and SUVs.

New Rislone DEF Crystal Clean Diesel DEF & SCR Emissions System Cleaner Announced
SMP Announces New Oil Filter Housing Kits

The kits feature multiple design improvements to prevent leaks, according to SMP.

SMP Announces New Oil Filter Housing Kits
NTK Technologies Announces Merger into Niterra North America

The merger will take effect on April 1, and NTK Technologies will begin operating under Niterra North America Inc.

Niterra Merger