Continental Structural Plastics to Acquire Magna’s Composites Operations

Auburn Hills, Michigan, July 17, 2014 — Continental Structural Plastics (CSP), a global leader in lightweight composite solutions, announced today it has signed a definitive agreement to acquire the composites operations of Magna Exteriors. This acquisition, which will make CSP the world’s largest sheet molding composites (SMC) compounder and manufacturer, includes the assets of five Magna facilities located in North America.