Shiloh Industries Buys Radar

(RTTNews) - Shiloh Industries Inc (SHLO), a supplier of lightweighting, noise and vibration solutions, Wednesday announced its acquisition of Warren, Michigan based, Radar Industries. The purchase leverages Radar Industries' tooling technologies, strong stamping capabilities, key customer relationships and expands Shiloh's existing manufacturing capacity to include Central Mexico and Michigan.

The acquisition includes three metal stamping plants; two located in Warren, Mich. and the other in Celaya, Mexico. The deal includes a sales and technical center, also in Warren. Radar is comprised of about 325 workers in the U.S. and Mexico.

According to Shiloh, Radar is known for its high-quality interior, chassis and powertrain components and a recognized leader in welding, including mig, tig, laser, projection and resistance.

We remain focused on leading with technology and innovation and continue to strive for sustainable, profitable, global growth," added Hermiz. "The acquisition adds to our strong technology position, customer diversification and geographic needs by complementing our existing stamping, laser welding, aluminum and magnesium die casting footprint.

About Shiloh Industries, Inc. Shiloh Industries Inc. (NASDAQ: SHLO), is a leading global supplier of lightweighting and NVH solutions to the automotive, commercial vehicle and other industrial markets.