SOUTH BEND, Ind.--(BUSINESS WIRE)--
FPG Mexico S. dR.L. de C.V., a subsidiary of Fortis Plastics, has
acquired the operating assets of Nypro Chihuahua, a plastics molding and
assembly facility in Chihuahua, Mexico.
Fortis Plastics, LLC is a leading plastics injection and extrusion
platform that Monomoy Capital Partners formed in late 2008 through
acquisitions from Leggett & Platt, Inc. and Atlantis Plastics, Inc.
Fortis currently operates a resin compounder and eight regional molding
facilities, including a large and growing operation in Ramos, Mexico.
Nypro Chihuahua operates a state-of-the-art, 100,000 square foot
plastics molding facility located in the largest industrial corridor
along the border between the United States and Mexico. Fortis will focus
on growing the Chihuahua operation by extending its products and
capabilities to Fortis' current customer base of appliance, medical
device, building products and furniture makers. The Chihuahua
acquisition also provides Fortis with high-quality painting, decorating
and clean room capabilities.
"We are extremely excited about this transaction," said Joseph Mallak,
the Chief Executive Officer of Fortis. "The Chihuahua operation will
increase the size of our growing Mexican platform, provide us with a
great facility located in an important Mexican manufacturing zone and
further differentiate Fortis in the marketplace. The acquisition will
help current and future customers consolidate their supply chains and
allow Fortis to continue its growth in the southern United States,
Mexico and Latin America."
About Fortis Plastics, LLC
Fortis Plastics, LLC is a leading manufacturer of injection molded and
extruded plastic parts for a variety of industries, ranging from
appliances and power tools to furniture and medical devices. Fortis
currently employs 950 team members at facilities located in Fort Smith,
Arkansas, Carlyle, Illinois, Poplar Bluff, Missouri, South Bend,
Indiana, Henderson, Kentucky, Jackson, Tennessee, Houston, Texas, Ramos,
Mexico and Chihuahua, Mexico. Fortis provides its customers with a
single solution for tooling, molding and material compounding. For
additional information on Fortis, please visit www.fortisplasticsgroup.com.
About Nypro
Nypro is a leading global plastics manufacturer with 49 facilities in 16
countries employing about 15,000 people and more than $1.1 billion
revenues. Major markets are Healthcare, Packaging and Consumer &
Electronics. Nypro is one of the ten largest employee owned companies.
Fortis Plastics
Joseph Mallak, 574-485-1153
President & CEO
joe.mallak@fortisplasticsgroup.com
or
Nypro
Inc.
Al Cotton, 978-368-4580
Director, Corp. Comms.
al.cotton@nypro.com
Source: Fortis Plastics
<<Business Wire -- 10/29/2009>>