Frank Terlep And Todd Balan Join Repairify, Parent Company Of asTech
Terlep and Balan have been appointed to the offices of chief technology officer and senior vice president of corporate development, respectively.
Repairify Inc., Parent Company Of asTech, Acquires 3 Mobile Diagnostic Companies
Repairify Inc., owner of the patented asTech device, has completed its acquisition of PNR Inc. doing business as TRS Theft Replacement Services LLC, Replace My Stuff (RMS) LLC and The Airbag Guy LLC.
Johnson Controls to Acquire Plastech Through Newly Formed Joint Venture
Johnson Controls Inc. (JCI) has formed a joint venture to acquire the interior product assets of Dearborn, Mich.-based Plastech Engineered Products, which filed for bankruptcy in February 2008. Johnson Controls owns 70 percent of the joint venture and will be its largest customer. The joint venture includes 29 plants in North America, which manufacture injection molded components and assemblies such as door panels and floor consoles.
CEO of Plastech Could Benefit in Sale
The founder of Plastech Engineered Products Inc. could be paid more than $9 million when her company is sold. As the 20-year-old supplier liquidates, bankruptcy lawyers for Plastech have asked U.S. Bankruptcy Judge Phillip Shefferly to approve several settlements, including a deal that would give Plastech CEO and majority owner Julie Brown $9.25 million.
Ruling Due Tuesday on Plastech-Chrysler Flap
From Detroit Free Press DETROIT — A U.S. bankruptcy judge said that he will rule Tuesday afternoon on a dispute between Chrysler LLC and Plastech Engineered Parts Inc., and he encouraged the two sides to reach a second temporary deal to keep Plastech’s parts flowing to Chrysler plants until then. A temporary deal that has
Chrysler Plastech Dispute to Return to Court
From Detroit Free Press DETROIT — The legal dispute that brought five Chrysler LLC plants to a halt last week returns to court Wednesday. Chrysler and Dearborn, MI-based supplier Plastech Engineered Products Inc. are to argue over whether Chrysler can take back molds and dies that Plastech uses to make parts for nearly all Chrysler’s
Deal Revives Chrysler Output: Production Resumes on Interim Accord with Plastech
Production resumed at Chrysler LLC and interiors supplier Plastech Engineered Products Inc. on Tuesday after the two companies reached a deal that temporarily resolves a dispute that threatened to shut nearly all of Chrysler’s factories. Chrysler halted production at five assembly plants Monday after the Auburn Hills, MI-based automaker on Friday canceled its contracts with the supplier, which filed for Chapter 11 bankruptcy protection that day.
Visteon Drops Plan to Sell a Factory to Plastech
Visteon Corp., the second-biggest U.S. maker of auto parts, dropped its plan to sell a Chicago factory to Plastech Engineered Products Inc. because the companies couldn’t agree on terms, a Visteon spokesman said. Visteon, based in Van Buren Township, Mich., announced the sale in August as a way to cut costs and help end annual losses after being spun off from Ford in 2000.
Visteon to Sell Chicago Assembly Operation to Plastech Engineered Products
Visteon has entered into an agreement to sell the assets of its automotive components assembly operation in Chicago, Ill., to Plastech Engineered Products, a minority-owned supplier based in Dearborn, Mich. Plastech is a longtime Visteon supplier that provides interior trim components to Ford from a facility adjacent to the one to be purchased from Visteon at Ford’s Chicago Manufacturing Campus.
Repairify Announces Executive Leadership Changes
The company has named Craig Edmonds as president of asTech among other executive appointments.
