Texas markets

Cascade Engineering sells major unit to focus on innovation and “traditional” markets

TWP WATERFALL. — Family-owned plastic injection molding manufacturer Cascade Engineering Inc. recently sold a large unit focused on commercial trucks and buses to an Indiana company.

Creative Liquid Coatings Inc., based in Kendallville, India, has acquired CK Technologies LLCassets and business volume as of June 3.

Focused on injection molding for commercial vehicles, CK Technologies is a wholly owned subsidiary and largest business unit of Cascade Engineering with locations in Ohio, North Carolina and Texas. CLC will add these operations to its portfolio of manufacturing facilities in Indiana, Kentucky and South Carolina.

“The sale of CKT means that Cascade Engineering will be fully focused on innovation in sustainable plastics while serving its many customers in its traditional markets – solid waste and recycling, office furniture, custom polymers and automotive markets in the United States and in Europe thanks to its location in Budapest, Hungary,” said Cascade Marketing Manager Amy Caudle. MiBiz by email.

Caudle added that Cascade “will be placing a significant investment in its West Michigan facility, including several new presses and various updates and renovations.”

Terms of the agreement were not disclosed.

Industry Trade Publication Plastics News reported this week that CK Technologies’ assets under the deal include 16 presses, some of which have already been deployed in Ohio. The two companies have worked together for a long time, and the deal will help boost CLC’s total sales to nearly $400 million, according to the report.

Founded in 2002, CK Technologies was a national brand that was previously led by Cascade President and CEO Christina Keller. Cascade’s family of companies includes Automotive Americas, Automotive Europe, Cascade Cart Solutions, Innovative Plastic Technologies and Noble Polymers.

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