Shiloh Industries to acquire Finnveden Metal Structures AB
Shiloh Industries Inc., Valley City, Ohio, a supplier of lightweighting, noise, and vibration systems, has signed a definitive agreement with FinnvedenBulten AB to acquire 100 percent of the shares of Finnveden Metal Structures (FMS). The acquisition expands Shiloh’s capabilities with the addition of stamping and magnesium die casting to address the lightweighting needs of automakers. The acquisition is expected to close at the end of June.
Shiloh provides design, engineering, and manufacturing of engineered welded blanks, complex stampings, modular assemblies, and high-pressure aluminum die cast and machined components serving the body-in-white, chassis, emission, power train, structural, and seating needs of OEM and Tier 1 customers.