M&A Deal Summary

Methode Electronics Acquires American Components - Automotive Safety Business

On August 8, 2001, Methode Electronics acquired automotive company American Components - Automotive Safety Business from American Components

Acquisition Highlights
  • This is Methode Electronics’ 1st transaction in the Automotive sector.
  • This is Methode Electronics’ 5th transaction in the United States.
  • This is Methode Electronics’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2001-08-08
Target American Components - Automotive Safety Business
Sector Automotive
Buyer(s) Methode Electronics
Sellers(s) American Components
Deal Type Divestiture

Target

American Components - Automotive Safety Business

Dandridge, Tennessee, United States
American Components, Inc. - Automotive Safety Business includes manufacturing operations and patented intellectual property for a sensor pad manufactured by ACI for use by tier-one automotive suppliers in occupant detection systems.

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Buyer(S) 1

Buyer

Methode Electronics

Chicago, Illinois, United States
Category Company
Founded 1946
Sector Electronics
Employees7,500
Revenue 1.1B USD (2024)
DESCRIPTION

Methode Electronics is a global developer of custom engineered and application specific products and solutions with manufacturing, design and testing facilities in China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, the Philippines, Singapore, Switzerland, the United Kingdom and the United States. Methode Electronics was founded in 1946 and is based in Chicago, Illinois.

DEAL STATS #
Overall 5 of 14
Sector (Automotive) 1 of 3
Type (Divestiture) 1 of 3
State (Tennessee) 1 of 1
Country (United States) 5 of 11
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-04 Polycore Technologies

Melbourne, Florida, United States

Polycore Technologies is a developer of highly integrated data communications modules for Local Area Network (LAN) equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-16 Cableco Technologies

San Jose, California, United States

Cableco Technologies Corp. is a designer and manufacturer of high-current, flexible cabling systems for electronic and electrical applications.

Buy -

Seller(S) 1

SELLER

American Components

Dandridge, Tennessee, United States
Category Company
Sector Chemicals
DESCRIPTION

American Components, Inc. is a provider of fabricated rubber products in US.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1
Mergr

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