Core Molding Technologies acquires Horizon Plastics International for $63M

Core Molding Technologies acquired substantially all assets of Horizon Plastics International Inc. for approximately $63 million in cash. HPI operates two facilities in Cobourg, Ontario, Canada and Nuevo Leon, Mexico.

“Continuing to expand our technology offerings and diversifying our customer base and end-markets are key elements of our growth strategy.”coremt.com

• 2 sources
• coremt.comCore Molding Technologies Acquires Horizon Plastics International Inc., Expands Its Capabilities - CORE Molding TechnologiesmichaeldJan 16, 2018
• canplastics.comU.S. Molder Buys Ontario-based Horizon Plastics For $63 Million - Canadian PlasticsFeb 5, 2018

Summarized from public sources; check the original articles before acting on it.