WARREN, MI — Noble International has signed a purchase agreement to acquire Laser Welding International Inc. (LWI). LWI, based in Clinton Township, Mich., is a supplier of laser-welded blanks (LWB) to General Motors.
The transaction is structured as a stock purchase, subject to certain approvals and conditions, with closing expected within the next 10 days. Terms of the agreement have not been disclosed. The acquisition of LWI is expected to contribute approximately $35 million to revenue in 2004 and be accretive to earnings.
According to Noble’s COO Tim Emmitt, the acquisition of LWI will help expand Noble’s presence with General Motors. The company plans to integrate LWI into Noble Metal Processing over the next several months, Emmitt said.
For more information about Noble International, visit: www.nobleintl.com.
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