ABC Technologies to acquire Plastikon Automotive from Plastikon Industries for $130m.

ABC Technologies, a manufacturer and supplier of custom, highly engineered, technical plastics for the automotive industry, agreed to acquire Plastikon Automotive, an automobile interior and assemblies company, from Plastikon Industries, a plastic and contract manufacturer, for $130m. "Welcoming Plastikon Automotive into ABC Technologies will represent a significant step forward for our company. It amplifies our position as an industry leader in lightweighting and plastic injection molding, gives ABC a stronger foothold in the EV space, and most importantly, provides a new set of employees with opportunities to play larger roles in molding the future of mobility," Terry Campbell, ABC Technologies President and CEO.