International Automotive Components Group is buying an Alabama injection molding company in a move that will give it greater presence close to an expanding auto production region.
AmPro Molding LLC will bring the auto supplier a 157,000-square-foot facility in Anniston, Ala., and add 150 hourly and salaried employees to Dearborn-based IAC. IAC already has a molding plant in Dayton, Tenn., but the facility in Alabama will give it a location closer to automakers including Hyundai, Kia, Honda, Toyota, Mercedes and BMW, all of which have plants in the area now, while Volkswagen AG is building a plant in nearby Chattanooga, Tenn.
IAC has other locations in the Southeast producing carpet and textiles for the auto industry.
AmPro also has customers in the defense and industrial products sectors, which will allow IAC to diversify its customer base, the company said in a Nov. 22 news release.
AmPro opened in 1978 in Leeds, Ala., and moved to Anniston in 2005, to a building that was once part of the former Fort McClellan army base. It has 29 presses, with clamping forces of 50-3,300 tons, along with automation equipment and an in-house mold-making facility.
The companies did not disclose the purchase price.