October 7, 2014
Shiloh Industries, a provider of lightweighting solutions, has acquired Radar Industries. The transaction leverages Radar’s tool technologies, stamping capabilities and key customer relationships.
The acquisition includes three metal stamping plants and the company is known for its interior, chassis and powertrain components.
“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 & die capability. This acquisition is another way for us to better service our growing global customer base.”
For more information, visit Shiloh Industries.
Sources: Press materials received from the company and additional information gleaned from the company’s website.