Birmingham, MI - Shiloh Industries, an automotive lightweighting, noise, and vibration solutions supplier, has acquired Radar Industries (Warren, MI), a provider of stamped interior, chassis, and powertrain components and welded assemblies for the automotive industry. Angle Advisors acted as the exclusive investment banking advisor to Radar in completing the transaction.
Radar operates three stamping plants, including two in Warren and one in Celaya, Mexico, along with a sales and technical center also in Warren. With presses ranging from 300 to 2200 tons, the company forms the latest metal technologies such as ultra-high-strength steels, dual-phase and trip steels, high carbon, stainless steel, and aluminum steel. In addition to laser welding, the company's welding capabilities include mig, tig, projection, and resistance. In total, the company is comprised of approximately 325 employees.
Ramzi Hermiz, Shiloh Industries' president and CEO, says that the company is actively seeking solutions that address industry pinch points, such as large tonnage stamping capacity and tool and die capability. The acquisition complements the company's existing stamping, laser welding, aluminum, and magnesium die casting footprint, he adds.