M&A Deal Summary

Shiloh Acquires Finnveden Metal Structures AB

On May 22, 2014, Shiloh acquired automotive company Finnveden Metal Structures AB from Bulten for 372M SEK

Acquisition Highlights
  • This is Shiloh’s 4th transaction in the Automotive sector.
  • This is Shiloh’s largest (disclosed) transaction.
  • This is Shiloh’s 1st transaction in Sweden.

M&A Deal Summary
Date 2014-05-22
Target Finnveden Metal Structures AB
Sector Automotive
Buyer(s) Shiloh
Sellers(s) Bulten
Deal Type Divestiture
Deal Value 372M SEK

Target

Finnveden Metal Structures AB

Frölunda, Sweden
Finnveden Metal Structures AB is a manufacturer of products and components made of steel, aluminium and magnesium for the automotive sector and general industry.

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Buyer(S) 1

Buyer

Shiloh

Valley City, Ohio, United States
Category Company
Founded 1950
Sector Manufacturing
Employees4,000
Revenue 1.1B USD (2018)
DESCRIPTION

Shiloh designs and manufactures lightweight products within body structure, chassis and propulsion systems. Shiloh’s multicomponent, multi-material solutions are comprised of a variety of alloys in aluminum, magnesium and steel grades, along with its proprietary line of noise and vibration reducing ShilohCore® acoustic laminate products. Shiloh Industries was founded in 1950 and is based in Valley City, Ohio.

DEAL STATS #
Overall 4 of 6
Sector (Automotive) 4 of 6
Type (Divestiture) 3 of 4
Country (Sweden) 1 of 1
Year (2014) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-13 Contech Castings

Southfield, Michigan, United States

Contech Castings, is a provider of high-pressure aluminum die cast parts for the automotive industry. The purchase adds significant capacity and depth to Shiloh's existing high-pressure, high-vacuum casting capabilities with the addition of P2000™ squeeze casting, ThinTech® vacuum casting, and high-pressure conventional die casting.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Radar Industries

Warren, Michigan, United States

Radar Industries, Inc. designs and manufactures metal stampings and assemblies to automotive, heavy truck, recreation, and appliance industries in the United States and internationally.

Buy -

Seller(S) 1

SELLER

Bulten

Gothenburg, Sweden
Category Company
Founded 1873
Sector Automotive
Employees1,985
Revenue 4.5B SEK (2022)
DESCRIPTION

Bulten is a provider of fasteners to the European automotive industry. The company’s product range includes everything from customer-specific standard products to specialist, customized fasteners. The company also provides technical development, line-feeding, logistics, material, and production expertise. Bulten was founded in 1873 and is based in Gothenburg, Sweden.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (Sweden) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 PSM International

Wales, United Kingdom

PSM International is a multinational full-service provider of fastening solutions to a diverse customer base in the automotive, notebook, mobile phone, and general manufacturing industries. PSM International was founded in 1931 and is based in Wales. England.

Buy -
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