American Trim has acquired Angell-Demmel North America from Sellner Group
American Trim has acquired 100% of Angell-Demmel North America from the insolvency administrator of the Sellner-Group (Mr. Exner, lawyer at the office of Dr. Beck), to whom Angell-Demmel North America belonged. Terms of the deal were not disclosed.
American Trim, a privately held company based in Lima, Ohio, was founded in 1948. It is a leading provider of metal components for the appliance, heavy truck and automotive industries. The early heritage in decorated metal continues as American Trim designs, develops and forms innovative and high quality components for its clients.
American Trim CEO, Tim Hawk, said that the two organizations will remain separate entities for the foreseeable future. “This acquisition is an important step in our strategy to grow our business and provide OEMs a dependable supply of high quality, innovative aluminum trim products,” Hawk said. “We are not just acquiring buildings and machines; we are acquiring a very talented team of people who are experts in the design and manufacture of decorative automotive trim.”
Founded in 1927, Angell-Demmel North America is a key provider of metal, automotive trim parts that offers solutions to diversification and acquisition of new customer segments.
Oaklins' team in Germany advised the buyer within the purchase process.
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