Expands automotive manufacturing portfolio, including Mexican presence
- Value not announced
- Product design and engineering capability
- Strategic ‘lightweighting’
Radar Industries has product design and engineering capability, and operates automated MIG and TIG welding cells to produce automotive assemblies.
Ohio-based Shiloh Industries Inc. is buying Radar Industries, a series of stamping and fabricating plants in Michigan and Mexico, bringing a range of tooling and stamping technologies into a portfolio of automotive materials and parts operations in the U.S., Asia, and Europe. The value of the purchase was not announced.
A little over a year ago Shiloh purchased several automotive aluminum diecasting plants formerly operated by Contech Castings, and in May it agreed to buy Finnveden Metal Structures, which has an automotive magnesium diecasting plant in Poland and sheet metal stamping and joining operations there, and at two sites in Sweden.
Radar Industries has two metal stamping plants in Warren, Mich., and a third in Celaya, Mexico.
Shiloh observed that the automotive market in Central Mexico is growing rapidly with demand from OEMs and suppliers, and forecasts call for light vehicle production in Mexico to expand by nearly one million units by 2017.
"Radar Industries is a perfect addition to Shiloh's strategic ‘lightweighting’ portfolio," stated president and CEO Ramzi Hermiz. "To broaden our best-in-class portfolio even further, we actively seek solutions that address industry pinch points, such as large tonnage stamping capacity and tool-and-die capability. This acquisition is another way for us to better service our growing global customer base."
The acquisition follows several acquisitions for Shiloh in the past year, mainly metal forming plants, including high-pressure diecasting operations. Shiloh’s holdings include acoustic laminate production, blanking, stamping, laser welding, metal casting and machining, coil processing, and modular assembly.
In addition to the stamping operations, Radar Industries has product design and engineering capability at the Michigan locations, and operates automated MIG and TIG welding cells to produce automotive assemblies, with additional functions like spin riveting and tapping, surface finishing, heat treating, assembly, and packaging.
"We remain focused on leading with technology and innovation and continue to strive for sustainable, profitable, global growth," Hermiz continued. "The acquisition adds to our strong technology position, customer diversification and geographic needs by complementing our existing stamping, laser welding, aluminum and magnesium die casting footprint."