Tier 1 automotive supplier Mayco International LLC has purchased the Toledo assembly plant of Detroit Manufacturing Systems (DMS) LLC.
Mayco, which employs some 7,000 workers, adds the location to its more than 40 sites worldwide. The arrangement between Mayco and DMS provides the option for all 300 plant employees to keep their jobs, DMS said in a statement.
DMS announced the sale Jan. 19, but the deal took effect Jan. 1. Terms were not disclosed.
Sterling Heights, Mich.-based Mayco, founded in 2006, supplies interior and exterior components to major automakers and has nonautomotive operations in wind energy, electronic and building construction.
DMS said Mayco is interested in the plant because the latter is expanding its work for Stellantis North America of Detroit, a unit of Amsterdam-based Stellantis NV.
Stellantis, the world’s fourth-largest automaker, is considered one of the U.S. Big Three. It was created two years ago in a merger between PSA Group and Fiat Chrysler Automobiles. Its brands include Chrysler (Jeep), Dodge, Groupe PSA, Peugeot, Citroën and Opel.
The 180,000-square-foot Toledo plant, built in 2017, produces cockpit assemblies for Jeep’s Gladiator and Wrangler, according to Plastics News’ sister publication, Crain’s Detroit Business.
Detroit-based DMS was founded in 2012 as a joint venture between Rush Group LLC of Detroit and Nanterre, France-based supplier Faurecia SA, though Rush sold its stake in 2018 to DMS Chairman and CEO Bruce Smith.
DMS employs about 1,500 at its one remaining site, a 500,000-square-foot plant in Detroit, and has 34 injection molding machines of 180-2,500 tons, according to its website. The company invested almost $32 million to expand that facility in 2020.