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Stock impact report

Continental Structural Plastics Acquires AMI Stamping, Manchester Operations

TEIJIN LTD ADR (TINLY) 
NASDAQ:AMEX Investor Relations: teijin.com/ir
Company Research Source: Business Wire
Acquisition Further Strengthens Company’s Vertically Integrated Capabilities 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 t Show less Read more
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