Plastech Engineered Products

Plastech Engineered Products
Company type	Private
Industry	Automotive Supply
Founded	1988
Headquarters	Dearborn, Michigan; manufacturing facilities in 9 U.S. states
Key people	Julie Brown CEO
Products	Automobile Components and systems
Number of employees	7600
Website	http://plastecheng.com/

Plastech Engineered Products was a tier-1 automobile supplier headquartered in Dearborn, Michigan. It was long the largest woman-owned company in the state of Michigan.^[1] Plastech started in 1988 with the purchase of a single injection molding facility in Caro, Michigan. The company subsequently grew rapidly through a mixture of organic growth and acquisitions, the most notable of the latter being the purchase of United Screw and Bolt in 1997 and LDM Technologies in 2004.^[2] In 2007 Plastech took over four plants and sales of US$700 million from Johnson Controls, bringing annual sales to US$1.7 billion.^[3] Plastech's customers included General Motors, Ford Motor Company, Chrysler, and Johnson Controls.^[4]

Following a disagreement with Chrysler, Plastech Engineered Products filed for Chapter 11 bankruptcy protection on February 1, 2008. Douglas Doran, Chrysler's director of interior procurement, said Plastech's quality issues were far worse than the typical supplier. He stated that those quality issues, coupled with Plastech's continued financial needs, led Chrysler to cancel its contracts. The firm was having trouble paying suppliers and had violated agreements with its lenders. General Motors, Ford, and Johnson Controls all publicly supported Chrysler's position against Plastech.^[5] The firm was later liquidated, with major assets being sold to Johnson Controls. Both Chrysler and General Motors would themselves file for bankruptcy in 2009, thereafter receiving large government-backed loans that were later completely paid back in full.

In 2014 JCI spun off its automotive interiors business, and several former Plastech locations are now operated by Yanfeng Automotive Interiors.

Plastech Engineered Products is the namesake of Brown University's Plastech Professor of Computer Science, an endowed professorship currently held by Roberto Tamassia.

Private investment company Oak Point Partners acquired the remnant assets, consisting of any known and unknown assets that weren't previously administered, from the Liquidating Trust for the Plastech Engineered Products, Inc., et al., Bankruptcy Estates on October 19, 2017.^[6]