Divestiture • Electrical Equipment

Vehicle Safety Manufacturing Acquires Grote Industries - Turn Signal Switch Product Line

On June 29, 2015, Vehicle Safety Manufacturing acquired electrical equipment company Grote Industries - Turn Signal Switch Product Line from Grote Industries

Acquisition Context
  • This is Vehicle Safety Manufacturing’s 1st transaction in the Electrical Equipment sector.
  • This is Vehicle Safety Manufacturing’s 1st transaction in the United States.

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M&A Deal Summary

Date June 29, 2015
Target Grote Industries - Turn Signal Switch Product Line
Sector Electrical Equipment
Buyer(s) Vehicle Safety Manufacturing
Sellers(s) Grote Industries
Deal Type Divestiture
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Buyer Overview 1

Buyer

Vehicle Safety Manufacturing

Newark, New Jersey, United States

Category Company
Founded 1979
Sector Automotive
DESCRIPTION

Vehicle Safety Manufacturing LLC is a provider of heavy-duty turn signal switches, lighting products, and safety components to both Original Equipment Manufacturers and aftermarket customers in the heavy-duty and slow-moving vehicle marketplaces. Vehicle Safety Manufacturing was founded in 1979 and is based in Newark, New Jersey.


Deal Context for Buyer #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2015 1 of 1

Seller Profile 1

SELLER

Grote Industries

Madison, Indiana, United States

Category Company
Founded 1901
Sector Automotive
DESCRIPTION

Grote Industries, Inc. is a provider of automotive components.


Deal Context for Seller #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2015 1 of 1