Johnson Electric Holdings has completed its acquisition of Stackpole International, a supplier of engine and transmission pumps and powder metal components primarily for automotive applications.
Stackpole, headquartered in Ontario, Canada, employs over 2,500 individuals across nine manufacturing facilities in North America, Europe and Asia. Its customer base is comprised mainly of automotive original equipment manufacturers and Tier 1 suppliers.
‘The combination of Stackpole’s pumps and powder metal expertise with Johnson Electric’s electric motor capabilities and global resources provides us with a unique opportunity to design and deliver integrated motorised pump solutions for our customers,’ said Dr Patrick Wang, Johnson Electric’s chairman and chief executive. ‘These innovative new products will strengthen the Group’s position as a leading supplier to key engine and transmission applications that contribute to improved fuel economy and reduced emissions.’
Johnson Electric acquired Stackpole from SI Investors, L.P., a limited partnership majority owned by Crestview Partners, in an all-cash transaction that valued Stackpole at C$800 million on an enterprise value basis.
The combined company has a workforce of over 37,000, with operations in more than 20 countries worldwide.
This story is reprinted from material from Johnson Electric, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
