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Continental Structural Plastics to acquire Magna’s Composites operations

News International-French

7 Aug 2014

The company announced that it has signed a definitive agreement to acquire the composites operations of Magna Exteriors.

This acquisition, which will make CSP (Continental Structural Plastics) one of the largest sheet molding composites (SMC) compounder and manufacturer, includes the assets of five Magna facilities located in North America.

Under the terms of the agreement, CSP will acquire Magna Composites manufacturing facilities located in Lenoir, Newton, and Salisbury, North Carolina; and Saltillo, Mexico, and a compounding facility located in Grabill, Indiana. Collectively, these facilities employ more than 1,000 people and encompass 600,000 square-feet of manufacturing space.

Manufacturing equipment and technical capabilities included in the transaction include SMC compression molding machines ranging from 175T to 4,000T; horizontal presses; a prime paint line; robotic water jet machines, bonding applications and routing; and CNC routing.

About CSP:
Founded 1969
14 facilities
2,700 employees
$600 million annual sales
50+ patents

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