Lear Corp. has acquired Sterling Heights, Mich.-based injection molder M&N Plastics, which makes engineered plastic components for automotive electrical distribution applications.
The purchase "increases Lear's vertical integration capabilities to engineer and produce complex parts for electrical distribution, including high-voltage wire harnesses and power electronics," according to a March 25 news release from Lear.
M&N operates two injection molding manufacturing facilities, in Sterling Heights and El Paso, Texas.
"M&N Plastics has made significant investments in manufacturing and engineering, resulting in best in-class production facilities and capabilities," Terry Nagle, president of M&N Plastics, said in the release. "We are optimally positioned to contribute to Lear's profitable growth with our industry experience and strong technical expertise in electrical distribution components."
M&N, whose legal name is M and N Plastics Inc., did not immediately respond to request for comment by Plastics News.
While Southfield, Mich.-based Lear is better known as a seating supplier, it has a long history in automotive electronics including connectors and distribution, and has been working to establish a strong position in electric vehicle infrastructure.
"We are pleased to welcome M&N Plastics to the Lear family. Together we share a track record of commitment to our employees, operational excellence, and exceeding the expectations of our customers," said Carl Esposito, Lear's senior vice president and president of e-systems.
"This move bolsters Lear's position as the leading Tier 1 supplier of full architecture solutions for both electrical distribution systems and power electronics," Esposito added. "When combined with our ongoing organic investments in connection systems, we are significantly enhancing our ability to vertically integrate engineered components, creating both a strong platform for future revenue growth and margin expansion in our overall E-Systems business segment."