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June 1998
CRILA PLASTIC INDUSTRIES LTD. ANNOUNCES NAME CHANGE TO CPI PLASTICS GROUP LTD.
MISSISSAUGA, ONTARIO - Crila Plastic Industries Ltd., a North American leader in extruded thermoplastics engineering is pleased to announce a company name change to CPI PLASTICS GROUP LTD.
In 1972 Crila began as a manufacturer of automotive body side molding located in Bolton, Ontario. In 1989 Crila was acquired by Peter F. Clark and a much greater emphasis was placed on engineered products. This resulted in major supply contracts with OEM companies which played a large part in the growth and success of Crila.
In 1992 a second plant (now Head Office) was acquired in Mississauga on Gana Court. In late 1994 Crila acquired Extrusion Plastics Inc., whose specialty was large functional parts employing vacuum calibration to achieve shape and tolerances. This facility was moved to a new plant in Mississauga adjacent to Head Office. There is also a distribution facility in Elkhart, Indiana servicing the RV and Van Conversion industry.
Today, a fourth plant, also on Gana Court, is near completion housing manufacturing operations for a new product - Extrudawood. Extrudawood is a wood look-alike replacement material which combines the flexibility and durability of plastic with the warm look and feel of natural wood.
The new company name, CPI Plastics Group Ltd., is to reflect the new company which exists today. Peter Clark, President said "We have evolved from a producer of generic products into a sophisticated custom extrusion company offering our customers highly engineered plastic profiles and post extrusion fabrication."
CPI's plans for the future include acquisition possibilities, the growth of Extrudawood, and the continued success of engineered plastic profiles.