Kalfact Plastics Secures Multi-Million Dollar Contract with Magna Donnelly
ROCKFORD, Mich.--May 27, 2003--Kalfact Plastics Company, a Michigan injection molder specializing in multi-shot molding, has won a multi-million dollar contract with automotive supplier Magna Donnelly Corporation, Kalfact officials announced today. Kalfact will manufacture exterior rearview mirror brackets for Magna Donnelly. The mirrors are primarily used on vehicles built by Honda and Toyota.
Kalfact general manager Ken Trupke attributed the company's ability to secure new business from Magna Donnelly to Kalfact's commitment to and execution of a long-term growth strategy.
"Like virtually every custom injection molder, we've faced some difficult times in this tough economy," Trupke said. "But we made a strategic decision a few years back to make significant investments in the systems and technologies we believe are essential to supporting future growth. These investments have enabled us to hit the ground running as we've secured new business."
Added Trupke, "The financial strength and commitment of our parent company, GCI, has been instrumental to our ability to implement this strategy. GCI is committed to building a plastics company that can enjoy sustained, profitable growth in an increasingly competitive global marketplace."
Magna Donnelly is a division of Magna International Inc., one of the most diversified automotive suppliers in the world. Trupke said Kalfact won the business based on its expertise in the automotive industry and proven experience in injection molding.
"We're excited to partner with Magna Donnelly," Trupke said. "Our certification in the automotive industry certainly played a key role in winning this business, as did our ability to transfer Magna Donnelly's tools quickly and effectively."
About Kalfact
Based in Rockford, Mich., Kalfact Plastics Company provides innovative solutions by integrating distinct molding and assembly operations into a one-step manufacturing process. The company's 35-year history in multi-shot, multi-material molding allows it to address the complexities of multi-component products and deliver results in a variety of demanding industries, including automotive, appliance, hand tools and office furniture. The company's advanced, 70,300 square-foot manufacturing facility includes presses ranging from 25 to 700 tons. Kalfact Plastics Company is owned by GCI, a private investment firm based in Waukesha, Wisconsin. More information about Kalfact Plastics Company is available at www.kalfact.com.
About GCI
GCI is a private investment firm owned by Lands' End founder Gary Comer. For more than ten years, GCI has been active in the plastics industry through its ownership of Kalfact Plastics Company. The companies in GCI's portfolio represent a variety of industries, including plastics, transportation, software and chemical technology. GCI's financial strength enables its portfolio companies to invest in the people, technologies, systems and facilities that are essential to success.