Germany's Meteor buys US-based Creative Extruded, halting closure

SourcePlastics News
Date Published11/30/2021
Author NameSarah Kominek
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Meteor Creative Inc.
Parent companyMeteor Group
Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Country(ies) from which reshored:Germany
City reshored to:Tipp City
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products, automotive
Product(s) reshoredplastic molding, rubber molding, thermoplastic
What domestic positive factors made reshoring more attractive?Impact on domestic economy
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