Warren, Michigan – German parts supplier ElringKlinger has acquired U.S. automotive supplier M&W Manufacturing Co. from its family owners, thereby significantly expanding its market position as a supplier of spacer plates for automatic transmissions in North America and worldwide.
The acquisition of M&W is an important milestone in the expansion of ElringKlinger’s Specialty Gaskets division, which generated sales of about $225 million in 2014. The division primarily develops and produces turbocharger gaskets, high temperature gaskets and components for exhaust gas recirculation (EGR) and exhaust systems as well as control plates for automatic and dual-clutch transmissions.
The latest acquisition will allow the division to underpin its regional presence in North America and its production activities in the U.S. market. In addition to supplying the North American market, M&W has started to increasingly serve the Chinese market from its U.S. production site.
The market has seen significant growth in the proportion of high-performance automatic and dual-clutch transmissions, prompting more expansive demand in the coming years for key components such as control plates for transmission systems. As regards production and process technology, M&W’s manufacturing activities in the field of transmission spacer plates complement ElringKlinger’s screen printing and metal bead based technology. These technologies can be rolled out rapidly at production facilities operated by the ElringKlinger Group around the globe.
M&W employs around 100 people at its two Detroit-area sites in Warren and Roseville.
Source: ElringKlinger