Core Molding Technologies, Inc. Mourns the Passing of Esteemed Board Member

COLUMBUS, Ohio, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Core Molding Technologies, Inc. is deeply saddened to announce the passing of James F. Crowley, a valued member of our Board of Directors. James Crowley passed away peacefully on August 24, 2023, leaving behind a legacy of leadership and dedication that will forever be remembered.

Jim joined the Company’s Board of Directors in 1998 and made significant contributions to our organization throughout his tenure. Jim’s wisdom, guidance, and unwavering commitment to our Company's mission were instrumental in shaping our path to success.

“Jim was a close friend and colleague who challenged the Board with his intellectual curiosity. His tireless efforts and strategic thinking have truly elevated our organization. Jim will be missed in many ways,” said Thomas Cellitti, Chairman of the Board.

The Company extends its deepest condolences to Jim’s family and loved ones during this difficult time. Our thoughts and prayers are with them as they navigate through this loss.

Core is committed to preserving the memory of Jim and honoring his legacy. We will continue to uphold the values and principles that Jim held dear and will strive to achieve the goals and vision he helped set for our organization.

About Core Molding Technologies, Inc.

Core Molding Technologies is a leading engineered materials company specializing in molded structural products, principally in building products, utilities, transportation and powersports industries across North America. The Company operates in one operating segment as a molder of thermoplastic and thermoset structural products. The Company’s operating segment consists of one reporting unit, Core Molding Technologies. The Company offers customers a wide range of manufacturing processes to fit various program volume and investment requirements. These thermoset processes include compression molding of sheet molding compound (“SMC”), resin transfer molding (“RTM”), liquid molding of dicyclopentadiene (“DCPD”), spray-up and hand-lay-up. The thermoplastic processes include direct long-fiber thermoplastics (“DLFT”) and structural foam and structural web injection molding. Core Molding Technologies serves a wide variety of markets, including the medium and heavy-duty truck, marine, automotive, agriculture, construction, and other commercial products. The demand for Core Molding Technologies’ products is affected by economic conditions in the United States, Mexico, and Canada. Core Molding Technologies’ operations may change proportionately more than revenues from operations.

Company Contact:

Core Molding Technologies, Inc.

John Zimmer

Executive Vice President & Chief Financial Officer

614-870-5604