COBA International has expanded its company portfolio yet again following its acquisition (3 October 2016) of CD Plastic Mouldings Ltd; an established and successful plastic injection moulding business also based in Leicester.
CD Plastic Mouldings will now trade under the name of COBA Plastics Moulding Ltd. As this latest COBA International acquisition is on a trade and assets basis, all 60 of its staff, including its management, are now employed by COBA Plastics Moulding Ltd. The fundamental day-to-day running remains unchanged and the company will continue to operate out of its existing Scudamore Road facility, as it has done for the last 29 years.
For COBA International, this is yet another strategic and significant acquisition giving the group, in particular, its COBA Plastics extrusion manufacturing business, an injection moulding capability in the UK. CD Plastic Mouldings comes with 19 injection moulding machines ranging in size from 22mT to 420 mT of clamping force. It supplies injection moulded products to many different sectors, including automotive, fire and security, and is continuing to grow in a variety of markets, with a healthy order book for future sales. The company had previously been owned by The Concept Group.
“The company, with its injection moulding capability, is the perfect strategic fit for our COBA International group,” explains Mark Cooke, CEO, COBA International Ltd. “Like COBA, it is privately owned, based in Leicester and enjoys an excellent reputation within its field. While it complements our existing COBA Plastics business in terms of the type of products we can supply, we have the experience and resources in place to take COBA Plastics Mouldings Ltd to a global customer base, marking an exciting new chapter for the company and its employees.”
Speaking on behalf of The Concept Group, Managing Director, Gerry McLucas says: “We know that CD Plastic Mouldings Ltd and its skilled people have an exciting future ahead of them, and are in very safe and capable hands as part of the globally recognised COBA International group. We felt it timely to relinquish the business, in the knowledge that a larger organisation with an international presence, has the resources, expertise and reputation to realise its true potential.”
COBA International group, which in the UK includes COBA Plastics Ltd, COBA Europe Ltd, COBA Precision Engineering Ltd as well as Leicester based Copely Developments, recently celebrated its 50-year anniversary. Some 850 people are now employed by the COBA International group across its manufacturing, engineering and distribution businesses in the UK, Europe, South Africa and Russia.