Two automotive parts makers have merged to diversify the customer base for their precision machined parts and flow- and cold-formed products.
Two Michigan-based manufacturers serving automotive and industrial customers have merged.
Investment bank and advisory firm Brown Gibbons Lang & Company (BGL) announced April 18 that precision machined parts maker Vickers Engineering has merged with flow- and cold-formed product manufacturer Netform. BGL’s Automotive & Aftermarket and Metals & Advanced Metals Manufacturing teams advised Vickers on the deal.
The merger will allow Vickers to continue to leverage its advanced product capabilities and automated manufacturing processes across a larger, more diversified customer base. Vickers provides Netform with a diversified set of steel and aluminum processing capabilities as well as automation synergies, which will continue to support growth in the hybrid and electric vehicle markets.
Headquartered in New Troy, MI, Vickers is a premier supplier for Asian-, European- and North American-headquartered original equipment manufacturers in the automotive industry, as well as Tier 1 suppliers and industrial companies. Vickers manages full non-ferrous and aluminum supply chains and serves as a “one-stop shop” for complex, tight-tolerance components for hybrid powertrains, electric vehicles and driveline applications.
Shelby Township, MI-based Netform’s proprietary, highly engineered flow-formed and cold-formed products primarily serve transmission and propulsion applications in the automotive and truck markets. The manufacturer — acquired by Torque Capital Group in December 2022 — has two additional facilities in Ohio.
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