CVG acquires Gage Industries’ heavy-gauge thermoforming opsCVG acquires Gage Industries’ heavy-gauge thermoforming ops

Commercial Vehicle Group (CVG; New Albany, OH) has acquired the assets of Gage Industries Inc.’s injection molding and heavy-gauge thermoforming division, with a total cash consideration of $5.3 million for the deal. That portion of Gage is largely involved in heavy-gauge and twin-sheet thermoforming of composite sheet for cabinetry and other products sold to OEMs in the heavy-truck industry. Gage (Lake Oswego, OR) has three divisions in total, with rigid-plastic packaging and plastic sheet extrusion joining its heavy-gauge forming business, which was the only one involved in the deal. That unit has facilities in Tigard and Lake Oswego, OR, and in addition to twin-sheet technology, the unit has capabilities in pressure forming for greater detail in parts, and reaction injection molding of polyurethanes. In addition, 5-axis CNC routers are used for final trim, and secondary operations include ultrasonic welding, riveting, painting, silk screening, flocking, and EMI/RFI shielding.

CVG has capabilities in a variety of metal welding technologies, as well as RIM, compression molding, and painting with a full-body e-coat line, and 22 sites in North America, three in Europe, and one each in China, Australia, and Mexico. CVG anticipates that the acquisition will produce 2008 revenues of $16 million. Founded in 1958 by Ripley Gage as a woodworking operation, Gage added its first plastic-thermoforming machine in 1959.—[email protected]