By Michael Lauzon
CORRESPONDENT
Published: September 19, 2014 2:15 pm ET
Updated: September 19, 2014 2:19 pm ET
Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.
Exo-s announced the deal with Serbre Group on Sept. 15, but did not disclose terms. The Mexico plant is its fourth site.
“Our newest facility will allow Exo-s to supply the local Mexican operations of our customers and develop new opportunities in a booming market,” stated Exo-s President and CEO Emmanuel Duchesne in a Sept. 15 news release. “Mexico was a logical sequence after the recent investments we have made to increase the capacity of our American and Canadian operations.”
Exo-s recently completed a $4 million expansion of its Coldwater, Mich., blow molding operation in which it installed a large blow molder and five-axis trimming robot and added more floor space. The company is relocating its Three Rivers, Mich., plant to Howe, Ind., at a cost of $6.9 million. That work is expected to be complete by the end of the year.
Exo-s’s main business is supplying injection and blow-molded auto components such as engine covers, thermal ducting systems and coolant reservoirs. The Sherbrooke, Quebec-based company also molds components for agriculture, all-terrain vehicles, toys and household appliances. It employs more than 700 in the United States, Canada and Mexico.
Exo-s was created in 2012 after being spun off from Camoplast Solideal, a Quebec business focusing on off-road vehicle tracks and similar components.
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