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05-15-2014

Techniplas Acquires Weidmann Plastics Technology A & I Division

Techniplas Group, Nashotah, Wisconsin/USA, announced the acquisition of the Plastics Technology Automotive and Industrial (A & I) division of Weidmann International Corporation (Wicor group). Terms of the transaction are not being disclosed.

Weidmann's Plastics Technologiy Automotive and Industrial division will continue to operate from Rapperswil, Switzerland  (figure: Weidmann)

Weidmann's Plastics Technologiy Automotive and Industrial division will continue to operate from Rapperswil, Switzerland (figure: Weidmann)

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 is a leading producer of 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.

“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,” said George Votis, chairman and founder of Techniplas, a privately held group of plastic manufacturers who primarily serve the automotive, industrial and medium and heavy truck industries. Techniplas sales growth with the addition of Weidmann A & I will take the company from USD 234 million to nearly USD 500 million, which is well balanced across multiple geographic regions.

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 continues to serve an increasingly global customer base.

The Techniplas group of companies include: Nyloncraft with facilities in Mishawaka, Ind., and Jonesville, Mich., producing highly technical precision components and modules primarily for the automotive and medium and heavy truck industries; Dickten Masch with facilities in Wisconsin, Iowa and Monterrey, Mexico, as a leading producer of technical plastic components and assemblies for a variety of automotive, transportation and industrial segments; and Vallotech, based in Vallorbe, Switzerland, specializing in ultra high-precision thermoset and thermoplastic parts for the automotive industry.

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