ABC Group grows in Mexico, Tennessee

By Kerri Jansen
Staff Reporter

Published: April 25, 2014 1:00 pm ET
Updated: April 25, 2014 1:03 pm ET

Related to this story

Topics Mergers & Acquisitions Mexico United States Automotive
Companies & Associations

ABC Group Inc. is refocusing its growth efforts in Mexico and Tennessee following the sale of its fuel systems business.

State Development Investment Corp. of Beijing, a major investor in Yapp Automotive Parts Co. Ltd., announced it purchased 100 percent of ABC Group Fuel Systems Inc. and its Gallatin, Tenn., plant for an undisclosed amount.

SDIC’s purchase came through its Rongshi International Holding Co. Ltd.

Yapp is the biggest plastic fuel tank maker in China, holding 50 percent of the market share, according to SDIC’s website. Yapp and ABC formed a strategic alliance in 2010 to marry Yapp’s strength in China with ABC’s North American presence; the sale was the next logical step, said Mary Anne Bueschkens, who sits on the board of Toronto-based ABC.

“We had been global alliance partners, but eventually we needed to make something more meaningful, I think, for the customers. The customers were looking for something more connected,” Bueschkens said.

The sale will allow the company to build on its six major business units globally, she added.

“[Yapp is] going to have an incredible global powerhouse in fuel now, so we’re really happy for them. But for us as well, I think it helps us to focus on being global in our other six business units, and we can actually really start focusing on growth more in those areas,” she told Plastics News.

ABC recently opened its fourth facility in Mexico, to handle increasing business from OEMs including Chevrolet and Mazda. Located in Querétaro, the plant currently employs 35 and will grow to about 120 employees over the next eight months, Bueschkens said.

ABC is also breaking ground on a new facility to be built in Gallatin, the location of its former fuel systems business. The 185,000-square-foot facility is being built to handle the company’s growing business in interior consoles and is expected to be completed in January 2015.


Comments

ABC Group grows in Mexico, Tennessee

By Kerri Jansen
Staff Reporter

Published: April 25, 2014 1:00 pm ET
Updated: April 25, 2014 1:03 pm ET

Post Your Comments


Back to story


More stories

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is...    More

Image

Caplugs gets new private equity owner

April 16, 2015 11:17 am ET

Caplugs, a major producer of caps, plugs, tubing, netting and other protective goods for industry, has a new owner.    More

Image

A. Schulman, Citadel discuss the $800 million deal

April 15, 2015 1:45 pm ET

The $800 million match of materials maker A. Schulman Inc. and Citadel Plastics felt good from the start. “Everything in our first meetings show...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events