Continental Plastics Co. has been acquired by Magna International. Quarton Partners acted as the exclusive investment banking advisor to Continental Plastics in managing this transaction
Continental Plastics is a leading Tier I/II supplier of interior plastic assemblies and components primarily for the North American automotive industry. Continental Plastics’ products include side wall trim, instrument panel components, door trim, decorative sill plates, upper garnish, soft trim components and overhead lighting components. Continental Plastics has developed strong relationships with a number of customers, including General Motors, Johnson Controls, International Automotive Components, Hanil E-Hwa and Chrysler. The Company operated from five manufacturing facilities located in Fraser, Michigan; Chesterfield, Michigan; St. Clair, Michigan; Benzonia, Michigan and Alpharetta, Georgia.
Magna International, Inc. headquartered in Aurora, Ontario, is a leading diversified automotive supplier in North America, Europe, and internationally. Magna designs, engineers and manufactures automotive interior systems, seating systems, closure systems, body and chassis systems, vision systems, electronic systems, exterior systems, powertrain systems, roof systems, hybrid and electric vehicles/systems as well as complete vehicle engineering and assembly. Magna has 102,000 employees in 263 manufacturing operations and 84 product development, engineering and sales centers in 26 countries.