SOUTH BEND, Ind.-- FPG Mexico S. dR.L. de C.V., a subsidiary of Fortis Plastics, has acquired the operating assets of Nypro Chihuahua, a plastics molding and assembly facility in Chihuahua, Mexico.
Fortis Plastics, LLC is a plastics injection and extrusion platform that Monomoy Capital Partners formed in late 2008 through acquisitions from Leggett & Platt, Inc. and Atlantis Plastics, Inc. Fortis currently operates a resin compounder and eight regional molding facilities, including a large and growing operation in Ramos, Mexico.
Nypro Chihuahua operates a state-of-the-art, 100,000 square foot plastics molding facility located in the largest industrial corridor along the border between the United States and Mexico. Fortis will focus on growing the Chihuahua operation by extending its products and capabilities to Fortis' current customer base of appliance, medical device, building products and furniture makers. The Chihuahua acquisition also provides Fortis with high-quality painting, decorating and clean room capabilities.
"We are extremely excited about this transaction,' said Joseph Mallak, the Chief Executive Officer of Fortis. "The Chihuahua operation will increase the size of our growing Mexican platform, provide us with a great facility located in an important Mexican manufacturing zone and further differentiate Fortis in the marketplace. The acquisition will help current and future customers consolidate their supply chains and allow Fortis to continue its growth in the southern United States, Mexico and Latin America.'
Fortis Plastics, LLC For additional information on Fortis, please visit www.fortisplasticsgroup.com.
Nypro is a global plastics manufacturer with 49 facilities in 16 countries employing about 15,000 people and more than $1.1 billion revenues. Major markets are Healthcare, Packaging and Consumer & Electronics. Nypro is one of the ten largest employee owned companies.
For a complete version of the BUSINESS WIRE press release: http://www.businesswire.com/news/home/20091028005919/en
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