AUBURN HILLS, Mich.--(BUSINESS WIRE)--Continental Structural Plastics (CSP), a global leader in highly-engineered, composite vehicle components, announced today it has signed a definitive agreement to acquire the assets of the stamping operations of AMI, Manchester, Michigan. This acquisition includes AMI’s 90,000 square-foot headquarters and manufacturing facility in Manchester, Michigan.
AMI handles a broad range metal stamping projects, as well as providing in-house engineering support, production welded parts and light assembly. Press sizes at the Manchester facility range from 32 to 600 tons. AMI Manchester, which currently has 70 employees, also has a full-service die maintenance department, including a wire electrical discharge machine and sinker electrical discharge machine.
“CSP currently purchases a variety of stamped metal parts necessary to complete the assembly of a number of components,” said the company’s CEO Steve Rooney. “This acquisition allows us to bring these stamping operations in-house, securing our supply of needed parts and protecting our ability to provide on-going, uninterrupted shipments to our customer base.”
Under the terms of the agreement, the AMI Manchester facility will be rebranded as CSP Stamping, (legal name Continental Structural Plastics Manchester, LLC) and will operationally become part of CSP, which is wholly owned by Teijin.
About Continental Structural Plastics
Continental Structural Plastics, a Teijin Group company, has provided highly engineered composite components to the automotive, heavy truck, HVAC and construction industries for 50 years. Headquartered in Auburn Hills, Michigan, CSP provides full-service engineering support, and holds multiple patents covering materials development and manufacturing processes. The company has operations on three continents and more than 4,300 employees. For more information, visit cspplastics.com.
About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in the areas of environmental value; safety, security and disaster mitigation; and demographic change and increased health consciousness. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has over 170 companies and around 20,000 employees spread out over 20 countries worldwide. It posted consolidated sales of JPY888.6 billion (USD 8.1 billion) and total assets of JPY1020.7 billion (USD 9.3 billion) in the fiscal year ending March 31, 2019.
Please visit www.teijin.com