Announced
Financials
Tags
United States
automotive interiors
Automobiles
Private
electric vehicle batteries
Acquisition
Majority
Domestic
Pending
Friendly
Single Bidder
Synopsis
ABC Technologies, a manufacturer and supplier of custom, highly engineered, technical plastics for the automotive industry, agreed to acquire Plastikon Automotive, an automobile interior and assemblies company, from Plastikon Industries, a plastic and contract manufacturer, for $130m. "Welcoming Plastikon Automotive into ABC Technologies will represent a significant step forward for our company. It amplifies our position as an industry leader in lightweighting and plastic injection molding, gives ABC a stronger foothold in the EV space, and most importantly, provides a new set of employees with opportunities to play larger roles in molding the future of mobility," Terry Campbell, ABC Technologies President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.