SHILOH INDUSTRIES HAS ACQUIRED ALBANY CHICAGO COMPANY
Birmingham, Michigan – December 28, 2012 – Angle Advisors is pleased to announce that Shiloh Industries Inc. (“Shiloh”) has acquired Albany-Chicago Company, LLC (“ACC” or the “Company”).Angle Advisors acted as the exclusive investment banking advisor to the shareholders of ACC in completing this transaction.
Based in Pleasant Prairie, Wisconsin, ACC is an innovator in the field of fully machined and complex aluminum die cast components. The Company is one of two North American manufacturers using vacuum-assisted casting and aerospace materials to produce thin-walled, high integrity and ductility structural aluminum body parts as well as medium to large engine and driveline components. As a full service Tier I/II supplier, ACC serves both automotive and commercial vehicle customers including BMW, General Motors, Daimler, ZF, Cummins, Chrysler, PACCAR/DAF, and Tesla. Leveraging its proprietary technologies, ACC is meeting the quickly growing OEM demand for highly ductile structural die castings. The Company’s automated manufacturing activities emphasize large tonnage die casting machines (up to 2,500 tons) supplemented by 60 CNC machining centers and the extensive use of robotics.
Mike Altschaefl, President and Chief Executive Officer of ACC, commented, “Our management team has grown ACC into a world class supplier of innovative aluminum components through a commitment to quality, delivery and continued investment in cutting-edge technology. We are excited to combine forces with Shiloh in order to take advantage of the enormous growth opportunities before us and provide our customers with arguably the most comprehensive package of light-weighting product solutions in the industry today. We would especially like to thank the team at Angle Advisors who managed a timely, highly strategic and confidential sale process with buyers from across the globe. Angle’s extensive industry knowledge combined with their strategic relationships within the global metal-forming sector proved instrumental in the deal’s success. We are delighted with the outcome of the process.”
Headquartered in Valley City, Ohio, Shiloh Industries is a leading manufacturer of first operation blanks, engineered welded blanks, AcroStikTM laminates, complex stampings and modular assemblies for the automotive and heavy truck industries. Shiloh delivers competitive advantage to customers through its patented technologies and solutions, such as the Shiloh Advanced Value Engineering (SAVE) and Shiloh Welding Systems, providing OEMs with mass and cost reduction, time saving and technological advantage. Other leading technologies include NVH and advanced design and engineering solutions. The Company has 11 wholly owned subsidiaries at locations in Ohio, Georgia, Michigan, Tennessee, Kentucky, and Mexico, and employs approximately 1,400 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 30+ professionals have completed 76 M&A transactions since the beginning of 2009, working for multinational corporations, privately-held companies, private equity funds and public sector clients.Please visit www.angleadvisors.com.