January 16, 2018 / 9:57 PM / a month ago

BRIEF-Core Molding Technologies Acquires Horizon Plastics International

Jan 16 (Reuters) - Core Molding Technologies Inc:

* CORE MOLDING TECHNOLOGIES ACQUIRES HORIZON PLASTICS INTERNATIONAL INC., EXPANDS ITS CAPABILITIES

* CORE MOLDING TECHNOLOGIES INC - TRANSACTION IS AN ALL-CASH ACQUISITION FOR APPROXIMATELY $63 MILLION

* CORE MOLDING TECHNOLOGIES INC - CORE WILL FINANCE DEAL UTILIZING EXISTING CASH ON HAND AND A NEW $85 MILLION SENIOR SECURED CREDIT FACILITY

* CORE MOLDING TECHNOLOGIES INC - COMPANY EXPECTS TRANSACTION TO BE APPROXIMATELY $0.15 TO $0.20 ACCRETIVE TO EARNINGS PER SHARE FOR CALENDAR YEAR 2018

* CORE MOLDING TECHNOLOGIES - PLANS TO CONTINUE ALL HPI OPERATIONS, DOES NOT EXPECT ANY SIGNIFICANT RESTRUCTURING, SHUT-DOWN OR EMPLOYEE SEVERANCE COSTS Source text for Eikon: Further company coverage:

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