Blackhawk sells Canadian plant
Blackhawk Automotive Plastics Inc. has sold its year-and-a-half old injection molding plant in Mississauga, ON to i...
Blackhawk Automotive Plastics Inc. has sold its year-and-a-half old injection molding plant in Mississauga, ON to its main customer, Johnson Controls Inc. Terms of the sale, announced on May 23, were not disclosed, however company officials said proceeds of the sale will be used to increase its U.S. business through internal expansion and acquisition. Blackhawk will soon begin production work on several major programs for vehicle launches by DaimlerChrysler, GM and Nissan Motors Co.
"Selling the Canadian subsidiary allows us to focus on continuing to grow our U.S.-based business," said Clifford Croley, Blackhawk’s chief executive officer.
The 288,000 sq. ft. Mississauga plant was stocked with new Mitsubishi injection molding machines. The Salem, OH-based company employs about 1,700 people,runs 135 injection molding machines and has current annual sales of about $240 million.