Dura Automotive Systems Inc has sold its North Americal jack and tool kit business to auto motive supplier Autoline Industries. Duras jack and tool kit business has one US plant located in Bulter, Indiana, where it employs approximately 140 people. With annual revenues of approximately US $ 25 million. Duras jack and tool kit business produces automotive bottle jacks, scissor jacks and related products for automotive jack tool kits. The jack and tool kit business capabilities also include metal stamping and powder coat paint and assembly.
Speaking on the occasion, Gopal Patwardham, chairman of Autoline said. "This is our second strategic acquisition in the US this year and now provides us with a manufacturing location that complements our global engineering center in Troy, Michigan, and our existing manufacturing locations in India. " Customers of Duras jack and tool kit business include General Motors, Nissan, Ford and Honda, among others.
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| Posted : 2/27/2008 |
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