Apollo completed the acquisition of a 51% stake in ABC Technologies from Cerberus Capital for $277m.

Apollo Global, a global alternative investment manager firm, completed the acquisition of a 51% stake in ABC Technologies, a producer and distributor of automotive systems and components, from Cerberus Capital, a private equity firm, for $277m. “The closing of the transaction with the Apollo Funds is a great milestone for all of us at ABC as we continue to execute on our plan to build the Company into an even stronger, global player in the automotive technical plastics space. We look forward to beginning our next fiscal year with our newly constituted board and are excited for all of the organic and inorganic growth opportunities ahead,” Todd Sheppelman, ABC Technologies President and CEO.