VALLEY CITY, Ohio – Shiloh Industries, a supplier of lightweighting, noise and vibration solutions, has acquired Warren, Mich.-based Radar Industries. The purchase leverages Radar Industries’ tooling technologies, strong stamping capabilities, key customer relationships and expands Shiloh’s existing manufacturing capacity to include Central Mexico and Michigan.
“Radar Industries is a perfect addition to Shiloh’s strategic lightweighting portfolio,” said Ramzi Hermiz, president and CEO, Shiloh Industries. “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 includes three metal stamping plants; two located in Warren, Mich., and the other in Celaya, Mexico. The deal includes a sales and technical center, also in Warren. Radar is comprised of approximately 325 workers in the U.S. and Mexico.
The automotive market in Central Mexico is experiencing rapid growth, both at the OEM and supplier level. It is estimated that light vehicle production in Mexico will expand by nearly 1 million units by 2017, according to Shiloh’s research.
Brad Tolley, Shiloh vice president, strategy and market development, added that the time couldn’t be better for the acquisition. “Radar Industries has been a leader in metal forming and assembly, production design and engineering services,” according to Dave Zmyslowski, president, Radar Industries. “My family and I are proud to have been part of growing the business started by my father nearly 60 years ago. We are looking forward to being part of the future success of Shiloh Industries.”
Radar is known for its high-quality interior, chassis and powertrain components and a recognized leader in welding, including mig, tig, laser, projection and resistance.
“We remain focused on leading with technology and innovation and continue to strive for sustainable, profitable, global growth,” added Hermiz. “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.
