# 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.

- Type: Acquisition
- Announced: 2018-01-16
- Where: Cobourg, Ontario; Nuevo Leon, Mexico, Canada
- Value: $63.0M
- Jobs: 250
- Status: completed
- Products: structural foam molded products, structural web molded products
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Core Molding Technologies](https://endata.com/companies/29421.md) (acquirer)
- [Horizon Plastics International](https://endata.com/companies/29422.md) (target)

## Sources

- [coremt.com](https://coremt.com/core-molding-technologies-acquires-horizon-plastics-international-inc-expands-capabilities/), 2018-01-16: "Continuing to expand our technology offerings and diversifying our customer base and end-markets are key elements of our growth strategy."
- [canplastics.com](https://www.canplastics.com/canplastics/u-s-molder-buys-ontario-based-horizon-plastics-63-million/1003447686/), 2018-02-05: "As I looked to transition ownership of HPI, it was important to find the right partner…and as a long-term Cobourg resident and business owner, future stability of the organization and support of our outstanding technical and production teams was a high priority."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.