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Continental Structural Plastics to Make Acquisition in China
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  Continental Structural Plastics is negotiating a deal that will take it to China as well as expand in the United States to make carbon fiber auto parts. Chairman and CEO Frank Macher it has two memorandums of understanding with potential acquisition targets in China now and is evaluating which facility it will purchase to become its manufacturing footprint in Asia. It expects to announce details during the first quarter of 2014, Macher said during a Dec. 6 briefing at CSP’s new headquarters and technical center in Auburn Hills.

  Earlier this year, CSP purchased the assets of a thermoset molding company in Pouance, France, which has since become CSP Europe, establishing not only a manufacturing base in Europe but also acquiring new expertise in carbon fiber molding.

  CSP has a long history in providing major composite parts for the auto industry. Last month, the company announced it would invest $18.3 million in a new paint facility at another former Budd plant, in Carey, Ohio. CSP is a development partner with Ford, Dow Chemical Co. and Dow’s carbon fiber joint venture, DowAksa Advanced Composites Holdings. The team is working on bringing a faster and less expensive carbon fiber composite option to the market.

  About Continental Structural Plastics (CSP):  www.cspplastics.com

  An early "pioneer" in compression molding in North America:
  - SMC molder since 1969
  - GMT molder since 1982
  - RRIM molder since 2000

  CSP purchased the Plastics Division from ThyssenKrupp Budd in July 2006. Sales Growth: CY 1998 = $31M to CY 2006 = $323M (pro-forma) Customer Focus on Automotive and Industrial Segments Products: molded structural (thermoset & thermoplastic), Class-A exterior _and pickup box composites Processes: Compression Molding, Reinforced Reaction injection Molding _(RRIM), Bonding, Prime Painting & Assembly

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