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With Budd, composites leader tweaks its composition

July 27, 2006

1 Min Read
With Budd, composites leader tweaks its composition

Using acquisitions to broaden its composites portfolio, including the just-announced purchase of Budd Plastics, Continental Structural Plastics Inc. (CSP; Bingham Farms, MI) can now offer customers compression or injection molded long-fiber thermoplastics (LFT), direct long-fiber thermoplastics (DLFT), glass-mat thermoplastics (GMT), thermoset sheet molding compound (SMC), and thermoset bulk-molding compound (BMC) composites, with the ability to formulate materials and form parts.

Budd Plastics, a division ThyssenKrupp Automotive, operated facilities in Carey, MD; Van Wert, OH; and Tijuana, Mexico. CSP says it was especially interested in Budd''s patented TCA (Tough Class-A) SMC compounds, which allows for SMC parts with Class A surface appearance, and it plans to continue to supply Budd''s custom-formulated SMC compounds to the merchant market.

Last year, CSP purchased Venture Industries'' Conneaut, OH facility to add BMC and SMC composites to its own GMT processing. CSP believes the Budd acquisition will make it the largest industrial-composites molder in North America. Majority equity owner of CSP, Richard L. Scott Investments LLC, which invested in CSP in 2005, specifically targeted CSP for its structural plastics presence in the automotive and heating, ventilation, and air conditioning markets.

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