HASTINGS, Mich. (Dec. 16) — Flexfab Horizons International Inc. has sold subsidiary Flexfab Molded Products L.L.C., a custom molder of silicone products, to the Thistle Group to focus its resources on core markets.
The Thistle Group boughtFlexfab Molded Products' assets, including its East Troy, Wis., plant and equipment, for an undisclosed amount, according to John Price, vice president of operations for Flexfab Horizons. The company opted to sell the silicone goods molder because it didn't fit with Flexfab Horizons' core businesses in the heavy duty truck, automotive and aerospace industries, said Douglas DeCamp, chairman, president and CEO of the firm.
The Thistle Group plans to make Flexfab Molded Products a significant part of its growth plans in the custom molding industry, said Tom Lapsley, owner of the group.