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ACQUISITION OF FINNVEDEN

SHILOH INDUSTRIES INC. (NASDAQ:SHLO) HAS ACQUIRED FINNVEDEN METAL STRUCTURES


Birmingham, Michigan – December 8, 2014 – Angle Advisors is pleased to announce that Shiloh Industries Inc. (“Shiloh”) has acquired Finnveden Metal Structures (“FMS”) from Bulten AB (NASDAQ OMX STOCKHOLM: BULTEN). Angle Advisors acted as the exclusive investment banking advisor to Shiloh in completing this transaction.

Finnveden Metal Structures is a leading European designer and manufacturer of innovative metal-formed automotive products, including complex multi-material structures. FMS leverages a proven competency across steel, aluminum, and magnesium materials to deliver engineered product solutions including cross car beams, roof structures, seat structures, and sub frames. With principal manufacturing technologies including stamping, high pressure die casting, deep drawing, welding, and machining, FMS operates four manufacturing plants in Sweden and Poland totaling approximately 100,000 square meters.


“We are continually evaluating the lightweighting needs of the industry, identifying new technologies that address those needs, and integrating them into Shiloh’s lightweighting portfolio,” said Ramzi Hermiz, president and chief executive officer, Shiloh Industries. “By adding the magnesium capabilities of FMS, Shiloh now has the broadest portfolio of lightweighting solutions in the industry. Together, we believe our unique ability to provide solutions in steel, steel alloys, aluminum and magnesium through multiple processes will increase our value proposition to the market.”


The acquisition of FMS positions Shiloh as a global supplier, with stamping and magnesium die casting facilities strategically located in Poland, and well-positioned stamping operations in Sweden. The new additions are a perfect complement to the company’s existing operations throughout the U.S. and Mexico. FMS represents nearly USD $180 million in annual sales revenue along with adding approximately 800 talented employees and a strong senior leadership team.


“Many of our customers are looking for suppliers who can support them globally, and given our current customer base, Europe is a significant market for Shiloh,” said Brad Tolley, Vice President of Strategy and Market Development, Shiloh Industries. “As we looked to expand into Europe, what we found with FMS was a seasoned management team with strong leadership which is critical for future growth.”


“Shiloh’s continued success can be attributed to our key tenets of leading with technology and innovation, achieving sustainable, global, profitable growth, and acting with a sense of purpose and speed,” added Hermiz.


Headquartered in Valley City, Ohio, Shiloh Industries is a leading global supplier of lightweighting and NVH solutions to the automotive, commercial vehicle and other industrial markets. The company offers the broadest portfolio of lightweighting solutions in the industry, capable of delivering solutions in steel, steel alloys, aluminum and magnesium. Shiloh delivers these solutions through design, engineering and manufacturing of first operation blanks, engineered welded blanks, complex stampings, modular assemblies and highly engineered aluminum and magnesium die cast and machined components serving the body-in-white, emission, powertrain, structural and seating needs of OEM and Tier 1 customers. Shiloh has locations across Europe and North America and approximately 3,000 employees. For additional information, please visit www.shiloh.com.


Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions with a particular emphasis on the vehicular and industrial sectors. The firm's 35 professionals have completed 124 M&A transactions since the beginning of 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.

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