Exco bolsters auto parts business by buying Bancroft Lasing.(Exco Technologies Ltd., Bancroft Lasing Technologies Inc.)(Brief Article)

Automotive News, February, 2003 by Lauzon, Michael

Byline: Michael Lauzon PLASTICS NEWS

Exco Technologies Ltd. plans to boost its plastic auto parts business by acquiring Bancroft Lasing Technologies Inc.

Bancroft produces painted, precision-molded, laser-etched plastic parts for automotive interiors in London, Ontario. Exco of Markham, Ontario, completed the deal for a purchase price of $1.3 million and about $1.4 million in debt.

Bancroft was founded in 1999. It uses relatively new European technology to economically make backlit parts that are becoming more popular among North American auto producers, according to Exco.

Exco has been increasing its injection molding business internally. After entering molding at its Matamoros, Mexico, trunk netting and thermoforming plant a few...

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