NEWS
VRC grows with acquisition of Cascadia Custom Molding
VRC Engineered Solutions and its Cleveland-based private equity owner Blue Point Capital Partners, have acquired Cascadia Custom Molding. They said that this will “expand VRC’s product offerings and geographic footprint while enhancing manufacturing capabilities and diversifying end markets served”. Cascadia supplies
thermoplastic components to the medical, aerospace and consumer goods markets from facilities at Coeur d’Alene, ID, and Woodinville, WA. It has
Eissmann takes over KTSN
Automotive supplier Eissmann Group has agreed to take over the plants of Minda KTSN Plastic Solutions in Germany and Poland. Talks are continuing about the site in Mexico. The firm now aims to bring together its own lamination products and services with KTSN’s plastics technology. KTSN, which filed for insolvency
in June 2020, is active in injection moulding and kinematics, making gloveboxes, seat back panels, cup holders and other plastic compo- nents for the automotive industry. Before insolvency, it employed about 400 people. Eissmann, meanwhile, has 12
sites across three continents, employs 5,000 and turns over €470m per year. �
www.eissmann.com
8 INJECTION WORLD | April 2021 New investments by EMS
Engineering thermoplastics producer EMS has held the ground-breaking ceremony for a new high-rack warehouse for its EMS-Grivory operation at Domat/ Ems, Switzerland. This will be the start of investments
of CHF 300m at the site over the next five years. The firm will create at least 50 additional jobs and increase capacity by 70%. Most of this new production will be for export. A further CHF 60m will also be invested at other company locations in Switzerland. The new warehouse will stand 44
metres high and replace its predeces- sor as the highest warehouse in the country. It is also among the five highest in Europe. With this, said CEO Magdalena
Martullo-Blocher, the firm will “achieve rapid expansion of our distribution and storage capacity before the end of this year and continue to supply markets worldwide quickly and flexibly”. The warehouse will provide jobs for 13 additional logistics employees and training for 15 apprentices. �
www.emsgrivory.com
www.injectionworld.com
Left: Cascadia moulds components for the medical, aerospace and consumer goods sectors
markets. This is its first acquisition since Blue Point acquired it in August 2019. Blue Point Partner John
IMAGE: CASCADIA
particular expertise in complex, low-volume parts and other capabilities that are said to complement VRC’s expertise in tooling and materials.
VRC comprises Ritus,
Vanseal and Classic Molding active in the aerospace and defence, automotive, industrial, oil and gas, marine and medical
LeMay said: “The Cascadia platform fits squarely within the key end markets and capabilities of our focused add-on strategy, and we are enthusiastic about the opportunities available to the combined company going forward.” �
www.bluepointcapital.com
IMAGE: EMS
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