Add-on Acquisition • Automotive

Exco Technologies Acquires AFX Industries

On April 5, 2016, Exco Technologies acquired automotive company AFX Industries for 73M USD

Acquisition Context
  • This is Exco Technologies’ 1st transaction in the Automotive sector.
  • This is Exco Technologies’ largest (disclosed) transaction.
  • This is Exco Technologies’ 1st transaction in the United States.
  • This is Exco Technologies’ 1st transaction in Michigan.

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M&A Deal Summary

Date April 5, 2016
Target AFX Industries
Sector Automotive
Buyer(s) Exco Technologies
Deal Type Add-on Acquisition
Deal Value 73M USD

Target Company

AFX Industries

Port Huron, Michigan, United States
AFX Industries LLC is a provider of leather and leather-like interior trim components to the North American automotive market.
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Buyer Overview 1

Buyer

Exco Technologies

Markham, Ontario, Canada

Category Company
Founded 1952
Sector Automotive
Employees4,500
Revenue 638M CAD (2024)
DESCRIPTION

Exco Technologies is a designer, developer, and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. Exco Technologies was founded in 1952 and is headquartered in Markham, Ontario.


Deal Context for Buyer #
Overall 1 of 2
Sector: Automotive 1 of 1
Type: Add-on Acquisition 1 of 2
State: Michigan 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 Halex Extrusion Dies

Germany

Halex Extrusion Dies is a manufacturer of aluminum extrusion dies and operates four key manufacturing locations – two in Germany and two in the northern industrial region of Italy. Halex Extrusion Dies was founded in 1997 and is based in Germany.

Buy €40M