Core Molding Technologies, Inc. Acquires Assets of Horizon Plastics International
We are pleased to inform our community that Core Molding Technologies, Inc. has acquired the assets of Horizon Plastics International (HPI), as part of a planned transition by Brian Read, Horizon’s former owner.
Horizon Plastics will operate as a wholly-owned subsidiary of Core Molding Technologies and continues to be your trusted partner for structural foam/web molding. The Cobourg and Monterrey facilities and staff will remain in place and continue to serve you as we do today.
“Continuing to expand our technology offerings and diversifying our customer base and end-markets are key elements of our growth strategy. HPI is a leader in structural foam and structural web molding and continues to innovate around these molding technologies. In addition to new technology offerings, the acquisition brings us existing programs with industry leading customers in several new markets, experienced leadership, a motivated and capable workforce, and expanded geographic reach. We intend to utilize this significant knowledge base and capabilities resident in both facilities to continue to grow the HPI operations.” said Kevin L. Barnett, President and Chief Executive Officer of Core Molding Technologies.
“As I looked to transition ownership of HPI, it was important to find the right partner,” said Brian Read, CEO and owner of HPI. “As a long-term Cobourg resident and business owner, future stability of the organization and support of our outstanding technical and production teams was a high priority. I also favored a strategic partner with the scale and technology foundation to continue growing these specialized processes into expanded applications,” he said. “Core Molding Technologies is that partner.”