TITLE

Acquiring too much, too soon

AUTHOR(S)
Miel, Rhoda
PUB. DATE
April 2000
SOURCE
Automotive News;4/24/2000, Vol. 74 Issue 5871, p36B
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Assesses the consequences of the trend towards acquisitions and mergers in the United States' automobile and automotive parts industries. Bankruptcy of Key Plastics LLC; Heavy debt of Cambridge Industries Inc.; Potential for failure of consolidations.
ACCESSION #
3063329

 

Related Articles

  • Buyer in sight for Key. Sherefkin, Robert; Miel, Rhoda // Automotive News;11/6/2000, Vol. 75 Issue 5902, p1 

    Reports that JJM LLC, a minority-owned financial buyer, has reached an agreement in principle to acquire autoparts maker Key Plastics Inc. Terms of the proposed acquisition deal; Impact of the acquisition on Key Plastics' business; Financial background of Key Plastics.

  • Mecaplast increasing its global footprint. Walsh, Dustin // Plastics News;10/17/2016, Vol. 28 Issue 31, p0001 

    The article reports on the plan of European automotive supplier Mecaplast Group to buy American automotive interior, exterior and under-the-hood plastics components producer Key Plastics LLC as part of its expansion initiative, as of October 2016.

  • Automotive News: digest.  // Automotive News;3/27/2000, Vol. 74 Issue 5867, p4 

    Presents news items concerning the United States automobile industry as of March 27, 2000. Includes financial relief received by plastic components supplier Cambridge Industries Inc. from General Motors, Ford Motor Co. and other customers; Chapter 11 creditor protection filed by Key Plastics...

  • Plastics suppliers seek help. McCracken, Jeffrey; Miel, Rhoda // Crain's Detroit Business;02/14/2000, Vol. 16 Issue 7, p1 

    Reports that Detroit, Michigan-based automotive-plastics suppliers Cambridge Industries Inc. and Key Plastics Inc. are exploring options to recover from their financial difficulties. Details regarding the financial problems experienced by the companies; Factors attributing to the financial...

  • Only the truly strong suppliers survive unpredictable markets. Miel, Rhoda // Crain's Detroit Business;05/01/2000, Vol. 16 Issue 18, p30 

    Predicts that only the strong automotive suppliers will survive unpredictable markets. Bankruptcy filing of Key Plastics Inc.; Acquisition program drawn up by Breed Technologies Inc.; Offer to sell Cambridge Industries Inc.; Automakers' request to tier-one suppliers to produce integrated...

  • Meridian + Cambridge = $1 billion. Miel, Rhoda // Automotive News;5/15/2000, Vol. 74 Issue 5874, p46 

    Reports on the merger of Michigan-based auto supply firms Cambridge Industries Inc. and Meridian Automotive Systems Inc. Specialization in plastic exterior parts.

  • Cambridge Industries starts shutdown. Miel, Rhoda // Crain's Detroit Business;07/31/2000, Vol. 16 Issue 31, p35 

    Reports on Cambridge Industries Inc.'s finalization of the sale of its holdings to Meridian Automotive Systems Inc. in July 2000. Value of the deal; Closure of Cambridge Industries' operations in Dearborn, Michigan; Need for Cambridge staff to decide how to divide money from the sale to meet...

  • Meridian to buy Cambridge. Miel, Rhoda // Plastics News;5/15/2000, Vol. 12 Issue 11, p3 

    Reports on Detroit, Michigan-based automotive supplies firm Meridian Automotive Systems Inc.'s purchase of Cambridge Industries Inc. under the guidance of bankruptcy court. Rationale for Cambridge's entering bankruptcy with a signed sales agreement; Losses incurred by Cambridge for 1999; Parent...

  • Bankruptcy judge gives OK for Meridian Automotive to buy Cambridge Industries. Miel, Rhoda // Crain's Detroit Business;07/03/2000, Vol. 16 Issue 27, p6 

    Reports that a United States bankruptcy court has cleared the way for Meridian Automotive Systems Inc. to buy all of the assets of Cambridge Industries Inc. Cambridge's earlier entry into bankruptcy protection as part of its purchase agreement with Meridian; Companies' businesses as automotive...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics