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Moll Industries Purchases Creative Plastic Molders
Manufacturing News Center
DALLAS, TX —June 07, 2004--Moll Industries, Inc., a custom plastics
injection molder and manufacturer in business since 1945, announced
recently they have purchased the assets of Creative Plastic Molders,
Inc. (CPM) in Lexington, North Carolina. Moll’s strategy for the buy
is to dedicate the company’s Seagrove, North Carolina facility solely
to medical production and assemblies. By moving production functions
for appliance and consumer products to the nearby locale, Moll achieves
enhanced operations for all its core market segments.
Moll anticipates a continuation of “business-as-usual” for existing
CPM customers and suppliers, but notes the company is under no obligations
and cannot be held liable for any prior CPM commitments. Bill Collins,
Operations Manager for both Moll North Carolina operations stated, “we
are committed to a seamless transition of business for the Lexington
facility.” He also confirmed Moll’s plans to hire many ex-CPM staff,
and to aggressively pursue continued growth within all market segments.
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